Equity Release and Inheritance Tax Planning
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When considering Equity Release there has to be a good reason for releasing money – and this could for any number of things. It could be to repay an Interest Only Mortgage, gift to family, buy a specific item or carry out home improvements. The list goes on! In addition, Equity Release can also be a very useful addition to conversations about Inheritance Tax planning. For many people, the family home is their largest asset— yet in many circumstances it remains fully exposed for Inheritance Tax. Equity release, when used strategically and responsibly, can:
• Release capital to gift to family
• Reduce the value of a taxable estate
• Improve cash flow in later life
• Avoid forced property sales or downsizing if care is needed.
When used correctly, it can be a very useful financial planning tool— but one that requires specialist advice. I can help in situations where:
• People are“ asset-rich but cash-poor”
• People would like to gift to family but don’ t have the funds available to do so
• People are concerned about their property being exposed to IHT
• Downsizing is impractical or people do not want to move.
As with any financial decision, it is advisable to talk to a qualified professional regarding what may be suitable for your personal circumstances. Sarah is happy to visit your home, chat by telephone or meet via remote video conference to provide a free consultation.
Call Sarah on 01622 631372 or 07789 007447 or e-mail her at sarah @ ferrellfinancial. co. uk You may find answers to some of your questions at www. ferrellfinancial. co. uk
Ferrell Financial Limited is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances. Registration number: 678768. Companies House registration number: 11192749 registered in England & Wales. Registered address: The Bluff, Roundwell, Bearsted, Maidstone, Kent, ME14 4EU
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