However, following the growth of property values over the past 30 years, combined with a fixing of the nil rate band, more and more families are finding themselves subject to IHT.
For families that will have assets subject to IHT, it is important to consider planning to ensure that the maximum amount of wealth can be passed down to their successors and beneficiaries. This can be achieved through:
It is vital to ensure that IHT planning is put into place in good time as many of the available reliefs and structures can take between two and seven years to be effective.
Consilio Consulting have an inhouse Chartered Tax Adviser who can provide a detailed plan to ensure you can pass on your assets to future generations tax-efficiently.
Case StudyThe Financial Conduct Authority does not regulate taxation and trust advice
The value of your investment can go down as well as up and you may not get back the full amount invested.
Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits.
Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Consilio Consulting offers advice to clients on a wide range of financial services including the following:
At Consilio Consulting, we provide comprehensive tax-efficient financial planning services for High Net Worth private and Corporate clients. We will work with you to understand your current position and financial goals. We will then build a bespoke solution utilising our expertise in a number of core areas.
Read MoreOur work at Consilio Consulting brings us into contact with companies of all sizes across the UK. How you structure your financial affairs can have a significant impact on the amount of tax you pay, both within your company and personally.
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