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Inheritance Tax PlanningIn comparison with the sharp rise in property values in the last 10 years, Inheritance Tax thresholds have remained largely unchanged. Many people would be surprised to learn that whilst the average detached house price in the south of the UK has risen to more than £430,551 (source BBC web site July 2010), the Inheritance Tax nil rate threshold currently stands at £325,000 (2010-2011 tax year). For many people therefore, IHT planning is a serious issue if they want to avoid their estate being taxed at up to 40% on their death. Please note, this is based on current taxation rates as at July 2009. However, with careful planning, many people can mitigate the risk of IHT. At Robison & Co (IFA) Ltd, we are able to assess your current estate and help you choose from a number of options including:
We will of course discuss how each option works in detail when we advise you. The solution could be as simple as moving your assets held in joint accounts into individual accounts or setting up a trust. The FSA does not regulate Will Writing and some forms of Estate Planning and Trust Planning. Do you have a Will?Hopefully, you already have a Will in place. Should you die without one, there could be long delays in the administration of your estate. If you do not already have one, Robison & Co (IFA) Ltd can refer you to a reputable local solicitor who will offer a discount for clients that we refer to them. Simply send us your details and we will pass them on. This site is intended for UK customers only Robison & Co (IFA) Ltd is an Appointed Representative of Sesame Limited, which is authorised and regulated by the Financial Services Authority. Sesame is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427 |
Financial Advice
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