“Don’t let the tax-tail wag the investment dog!”
In helping you attain your goals, which may also require us to meet various objectives along the way, we will fully consider all options available to you at the time of our discussions. If the level of investment risk required to meet your goal(s) is too high, we will say so and we will not let any tax incentivised arrangements outweigh the investment risk and your ‘capacity-for-loss’ agreed at outset.
This tax applies when you pass away and the value of your estate exceeds £325,000 if you are single or divorced, or £650,000 if you are married or in a civil partnership. Widows can utilise any unused allowances available from their deceased partner.
Although inheritance tax won’t affect you personally, it could be an extra burden for your loved ones. Do you want to see up to 40% of the wealth you have worked hard to create in your life going to the government as inheritance tax after your death?
Whilst inheritance tax can often be a difficult subject to contemplate, we will guide you through the options available to you. Any concerns relating to the ‘access and control’ of your assets will be discussed and we will ensure you are given the facts before a fully informed decision can be made.
IHT is not the only concern when developing a strategy. There are many other taxes that may need to be taken into consideration, such as Capital Gains Tax.
Note: The Financial Conduct Authority does not regulate taxation advice and wills.