Inheritance Tax Planning

Protecting Wealth

In 2017-18, only 3.9% of deaths in the UK resulted in an Inheritance Tax charge.

However, of these, the average amount of tax paid per estate was £197,000.

(Source HMRC https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/903290/IHT_Commentary.pdf)

Inheritance Tax planning can protect wealth, and optimise the opportunities for investment growth across generations. As shown above, the potential savings could be substantial.

Inheritance Tax (IHT) planning is a comprehensive form of financial planning, which frequently brings together aspects from multiple areas of advice. Listed below are some examples of the plans which often feature in IHT planning.

Insurance Advice

Retirement Planning and Pension Advice

Investment Advice

Trust Advice

Corporate Advice

Please contact me for more information about this service.

My Approach

Step 1 - Establish Relationship

Inform you about the planning process, the services I can offer,and my competencies and experience. We will determine whether the services I offer could meet your needs and agree on the services to be provided.

Step 2 - Collect Information

We will identify your personal and financial objectives, along with your needs and priorities which are relevant to my engagement with you, before making recommendations. This involves collecting hard (quantitative) and soft (qualitative) facts about you and your circumstances.

Step 3 - Analyse and Assess your Financial Status

I will analyse your information and develop a thorough understanding of your circumstances. I can then assess the strengths and weaknesses of your current financial situation, and compare them to your objectives, needs and priorities.

Step 4 - Develop and Present Financial Recommendations

I'll then consider strategies relevant to your situation, and develop a recommendation that could meet your objectives, needs and priorities. I'll then present this plan to you along with my rationale for the recommendations, so that you can make an informed decision.

Step 5 - Investment Proposition

I'll construct a portfolio based on Abacus Financial Options' in-house research and expertise. This will take into account key factors, such as your attitude to risk and capacity for loss. This will be diversified across asset classes and investment managers. as appropriate.

Step 6 - Implement Financial Planning Recommendations

We will agree on the implementation, and I will also have identified appropriate products and services to work alongside the recommended plan.

Step 7 - Regularly Review your Financial Plans

We also agree on terms for reviewing your plans and re-evaluating your personal circumstances, objectives and priorities. We will review your progress towards achieving your objectives, review the suitability of my recommendations, and revise them if necessary.

To Request a No-Cost Initial Consultation...

07707 900607

Abacus Financial Options,

Arena Business Centre,

9 Nimrod Way,

Ferndown, Dorset

BH21 7UH

Inheritance Tax Planning

Protecting Wealth

​

In 2017-18, only 3.9% of deaths in the UK resulted in an Inheritance Tax charge.

​

However, of these, the average amount of tax paid per estate was £197,000.

(Source HMRC https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/903290/IHT_Commentary.pdf)

​

Inheritance Tax planning can protect wealth, and optimise the opportunities for investment growth across generations. As shown above, the potential savings could be substantial.

​

Inheritance Tax (IHT) planning is a comprehensive form of financial planning, which frequently brings together aspects from multiple areas of advice. Listed below are some examples of the plans which often feature in IHT planning.

​

Insurance Advice

​

Putting in place appropriate life insurance plans, to meet the cost of an Inheritance Tax liability

This could be a long-term plan to meet an IHT liability relating to the full value of your estate

This could be a short-term plan to meet an IHT liability relating to an individual gift.

​

Retirement Planning and Pension Advice

​

Making plans for tax-efficient income strategies in retirement;

In doing so, potentially maximising the value of your residual estate

​

Investment Advice

​

Where appropriate, investing money in tax-advantaged investments, which can benefit from IHT exemptions after specified time periods

​

Trust Advice

​

Gifting assets to trusts to potentially reduce the value of your inheritable estate

Different types of trusts offer varying levels of flexibility

Increased flexibility can often come with the downside of reduced tax efficiency

​

Corporate Advice

​

For those owning businesses in later life, there may tax reliefs may be available that could reduce the impact of IHT for the beneficiaries of your estate.

​

Please contact me for more information about this service.

​

​

My Approach

Step 1 - Establish Relationship

Inform you about the planning process, the services I can offer,and my competencies and experience. We will determine whether the services I offer could meet your needs and agree on the services to be provided.

​

Step 2 - Collect Information

We will identify your personal and financial objectives, along with your needs and priorities which are relevant to my engagement with you, before making recommendations. This involves collecting hard (quantitative) and soft (qualitative) facts about you and your circumstances.

​

Step 3 - Analyse and Assess your Financial Status

I will analyse your information and develop a thorough understanding of your circumstances. I can then assess the strengths and weaknesses of your current financial situation, and compare them to your objectives, needs and priorities.

​

Step 4 - Develop and Present Financial Recommendations

I'll then consider strategies relevant to your situation, and develop a recommendation that could meet your objectives, needs and priorities. I'll then present this plan to you along with my rationale for the recommendations, so that you can make an informed decision.

​

Step 5 - Investment Proposition

I'll construct a portfolio based on Abacus Financial Options' in-house research and expertise. This will take into account key factors, such as your attitude to risk and capacity for loss. This will be diversified across asset classes and investment managers. as appropriate.

Step 6 - Implement Financial Planning Recommendations

We will agree on the implementation, and I will also have identified appropriate products and services to work alongside the recommended plan.

​

Step 7 - Regularly Review your Financial Plans

We also agree on terms for reviewing your plans and re-evaluating your personal circumstances, objectives and priorities. We will review your progress towards achieving your objectives, review the suitability of my recommendations, and revise them if necessary.

​

To Request a No-Cost Initial Consultation...