Navigating the financial world can often feel overwhelming, especially when dealing with inheritance and estate planning. That’s why our team of trusted specialists is here to guide you through the process, offering you the invaluable peace of mind you deserve.
Seek Advice Early
If retirement is approaching or you’re already retired, it’s essential to start thinking about how to ensure your financial legacy benefits those you care about most. Whether you need guidance on creating a tax-efficient will or reducing your Inheritance Tax (IHT) liability, our advisors are here to help you make the best decisions for your finances.
Planning for the Future
The first step in securing your family’s financial future is understanding your own financial needs. Retirement can bring varying financial requirements, so it’s important to have a clear picture of what to expect before making further plans.
Giving Gifts
There are numerous ways to pass on wealth to your family during your lifetime, and our advisors can provide the latest information in this frequently changing area of tax law. Gift allowances can be complex, but our expertise ensures you receive the best advice. Whether you’re considering a lifetime gift or a potential exempt transfer (PET) of a larger amount, we can help you make sound financial decisions for yourself and your loved ones.
Utilising Trusts
Trusts offer a flexible and efficient way to manage and control your assets while maximising tax benefits. Though this area can be complicated, our experienced team is well-equipped to help you navigate it, providing all the information you need to choose the right option for your situation.
Charitable Legacies
Donations to charities and organisations like political parties are tax-free and can provide various benefits. With careful planning, these gifts can help maintain the amount you leave to your family while offering significant IHT advantages.
Retirement Funds
Pensions are among the most tax-efficient methods of transferring wealth. By seeking early advice and guidance, you can better protect your family’s financial future. Our years of expertise are invaluable, ensuring you make informed decisions without taking unnecessary risks with your family’s finances.
Trust our skilled advisors to provide you with all the information you need to make the best choices for you and your loved ones.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Approved by The Openwork Partnership 07/05/2024.
