Inheritance Tax

Inheritance tax planning

Hand over your assets to your children with ease and reduced taxes. Call Quilter Financial Advisers situated in St Lawrence and local area.

Trusts, tax planning, estate planning and inheritance tax planning are not regulated by the Financial Conduct Authority.

Trusts need to comply with HMRC's Registration.

Tax treatment varies according to individual circumstances and is subject to change

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Understanding nil rate

Do you want to take steps to reduce the tax your children will pay on their inheritance? Nil rate band is the amount above which inheritance tax is charged at 40%.

The current limit of the monetary sum has been frozen at £325,000 since 2009/2010.

An additional allowance (the residence nil-rate band) came into effect in April 2017.Clients should review their circumstances to establish if they qualify for the new allowance.

How does the nil rate band work?

Inheritance tax is a tax on the estate of a deceased person. It includes the total value of property, money and possessions of the deceased. Any part of the estate left to a husband, wife or civil partner is free of inheritance tax.

If your husband, wife or civil partner dies, and you are their child or grandchild, you could be liable to pay inheritance tax, if the value of everything they own will exceed their total nil rate band. If you need more information, call me or use the form below to contact me.

Inheritance tax planning

You can reduce inheritance tax by:

Donating to charities
Making gifts while you are alive
Reducing the value of your estate
Creating a suitable trust
Certain Qualifying Investments
Pension Planning

You can also take out an insurance that helps pay all or even part of the likely tax when you pass. Please make contact to discuss your needs.

Trusts are not regulated by the Financial Conduct Authority and Trustees need to comply with HMRC's Trust Registration Service.

Call Quilter Financial Advisers situated in St Lawrence on

07833 224 227

for advice on inheritance tax

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