Ensure your hard-earned assets are passed to your loved ones
Inheritance Tax Planning
We will help you review the value of your assets to see if you can leave a greater inheritance to your loved ones. Whether you are looking to invest a lump sum or a regular monthly amount, Acumen IFA will discuss with you a range of products designed specifically with IHT planning in mind, taking into account your capital and personal circumstances.
In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.
Managing your Inheritance Tax bill
Inheritance Tax (IHT) is charged on an estate that exceeds a certain amount of value. It has been described as a “voluntary tax” because with the right planning, it can be reduced or even eliminated. The tax is currently 40%, so planning can save a considerable amount of money.
Acumen can advise on all aspects of IHT planning including:
- What your possible IHT liability is
- Advising on all the IHT allowances and reliefs that are available
- How Trusts can assist in mitigating IHT
- How life insurance may be able to help
- The implications of the new IHT rules and property allowances
IHT planning is rarely considered on its own. We will usually arrange an interview, either at our offices or in your home to discuss IHT and how it impacts on other aspects of your finances and tax planning – often called ‘estate planning’.