Inheritance tax planning

It’s never too soon to make sure your money goes to the people it was meant for. And with careful planning we can help you reduce your potential inheritance tax (IHT) liability, and maximise your estate.

There are a number of key steps in the process. The first is to put a tax–efficient will in place. You may also be able to reduce the value of your estate by making gifts during your lifetime and reallocating recently inherited funds. Trusts can also be used to make tax–efficient estate–planning provision. And life assurance presents a further opportunity to provide some financial protection for your dependants in the event of your death.

These steps can be used to meet a range of objectives and circumstances.

• Important Information

  An essential part of successful estate planning is consideration of taxation implications around the transfer of your assets to your chosen beneficiaries either during lifetime or on death, ensuring that appropriate actions are taken to make best use of tax reliefs and allowances. These should be regularly reviewed to take fully into account any changes in those circumstances or in taxation or other relevant legislation.

With Barclays Financial Planning you get:

• Your situation analysed and appropriate action suggested to mitigate IHT liability.
• Full use made of exemptions and reliefs on lifetime transfers.
• Suitable trusts recommended.
• Life assurance policies arranged where appropriate to pay IHT.

For more information call 0800 587 2024 to book an appointment or request a call back.