Inheritance tax

In this day and age, helping protect your hard earned wealth is an integral part of any financial plan. Increasing numbers of people are becoming impacted by this tax mainly due to the fact that the IHT threshold has hardly increased in recent years, even though a boom in house prices has seen many people accumulate large estates, making families more likely to face an IHT bill in the future.

An entire estate, including your property, savings, cars, etc. may be subject to IHT. This could also include all of your investments and life insurance policies and it is crucial that your life policies are held in an appropriate trust vehicle so they don’t further increase the value of your estate.

The key to managing/reducing your IHT liability is good planning. At JM IFA Ltd we will help our clients develop an effective strategy to mitigate inheritance tax. This often includes ensuring that all investments are invested in a tax efficient manner and that you maximise the opportunity to ‘gift’ money when appropriate.

At all times we will find the most tax efficient solution to meet your needs – taking into account income tax, capital gains tax and inheritance tax.