Estate & Inheritance Tax Planning

Peace of mind for you and your loved ones.

Overview

Everybody’s individual circumstances are unique however, everyone’s goals is to protect their estate and transfer their wealth with maximum efficiency to the next generation or to a preferred cause.

Newstead Clark’s independent financial advisers have an extensive expertise in inheritance tax planning and use a combination of strategies to minimise the burden of inheritance tax your loved ones or preferred cause need to pay.

Inheritance Tax Planning
Don’t leave estate & inheritance tax planning until its too late. Get in touch to book a free initial meeting with one of our advisers today.

Inheritance tax planning is complex. Below we have answered a few frequently asked questions you may have:

Inheritance tax is calculated & payable on your estate upon death. Your estate includes property, savings, and investments. If your estate is worth more than the £325,000 threshold set by the government you will be eligible to pay inheritance tax of 40% on all your assets over this amount. However, pass your residential property onto a direct descendent and you will be eligible for the £175,000* residential nil rate band. Depending on your circumstances your total inheritance tax threshold may be raised to £500,000 or even £1,000,000 if you are married or in a civil relationship.

*To receive the full residential nil rate band your property must be worth more than £175,000 (£350,000 if you are married or in a civil relationship). For example, if your residential property is worth £150,000 your residential nil rate band is £150,000.

An estate plan in place will bring you peace of mind that you aren’t leaving your loved ones or beneficiaries with a large inheritance liability to pay. 

By speaking to one of our experts advisers, they can help you significantly mitigate your inheritance tax bill as well as ensuring you have enough money to live on and enjoy in retirement.

The Inheritance tax rate is 40% and will be charged on your whole estate over the allowable thresholds. Fortunately, there are many ways to reduce or eliminate this bill:

1.Trusts

2.Making financial gifts to family & friends

3.Passing on your pension

4.Making investments into BPR-qualifying companies

5.Take out a whole of life insurance policy

6.Making a Will

Client Services
Don’t leave estate & inheritance tax planning until its too late. Get in touch to book a free initial meeting with one of our advisers today.
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