Your plans today for their less taxing future
Inheritance Tax is known as the voluntary tax. This is because there are plenty of ways to reduce the burden and ensure that your loved ones, rather than the Exchequer, receive the share of your estate that you always intended.
If an individual’s estate is valued in excess of £325,000, then inheritance tax will potentially be payable after that person’s death at a rate of 40%. For a single person with a net estate of £500,000, this could equate to a tax bill of £70,000. For many people living in the South East, where property values are much higher, families will still have to face up to a crippling tax bill when a parent passes away. It doesn’t have to be this way. Our team of estate planning experts employ a range of strategies for clients that create a substantial tax saving. Unfortunately, too many people in the UK who have worked incredibly hard all their lives don’t do anything about Inheritance Tax and every year end up losing far more than they ever needed to. The estate planning process is complicated but that’s where we can help.
IEP Financial is authorised and regulated by the Financial Conduct Authority
IEP help individuals and businesses all over the UK to manage their ?nances. Our reputation for excellence is built on years of experience and an intimate knowledge of the latest developments and trends in the ?nancial markets. For tax planning, pensions, investments, mortgages and all forms of personal and business protection, a no obligation consultation with one of our experts is a great ?rst step. Telephone: 01273 208813 or visit: www.iepfinancial.co.uk
The above is based on our understanding of current legislation and tax rules which may be liable to change.
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