In the event of death, inheritance tax applies to a person’s estate when it exceeds the current nil rate limit.
There are various strategies for reducing or eliminating this tax. These include making gifts and placing investments and life assurance plans into trust.
This is a complex area and there is no off the shelf solution. How you should avoid paying inheritance tax will very much depend on your personal circumstances. Good advice and careful planning is imperative.
The Financial Conduct Authority does not regulate Tax, Trust or IHT Planning
Tax treatment is dependent on individual circumstances and may be subject to change in the future
When you take out a Life Assurance policy, you will usually have the option of placing it into a Trust. This is often overlooked by policy holders and unfortunately sometimes by advisers.
Barry has provided both personal and professional advice to me since 2002, he has always been clear in his advice and recommendations and helped me to navigate the inevitable financial changes in our requirements. If you can’t see the wood for the trees, Barry can.