Inheritance Tax

Inheritances could be a ticking time bomb in family dynamics. But you can dodge family squabbles and pricey legal battles.

Did you know that your Will doesn't directly cover the money in your pension pots, nor who inherits it? So informing your pension providers about your desired beneficiaries is absolutely essential.

Most of us have heard about the 7-year gifting rule in relation to UK IHT planning. But the '7-year rule' isn't the whole picture. You need to know about the '14-year rule' Here's why ..

Ever thought about the potential taxes on your life insurance? Here's how to sidestep it, to ensure your loved ones get the full benefit.

Did you know, that in the UK, gifting out of surplus income is a powerful strategy to mitigate Inheritance Tax (IHT) without the 7-year rule? 

Finding the right balance between enjoying a comfortable retirement and preserving your savings requires careful planning and consideration.

In this blog post, we will explore the advantages of offshore bonds for UK expats and why they are worth considering as part of a comprehensive financial strategy.

A family investment company (FIC) is a legal entity that is specifically designed for wealth management and succession planning within a family.

In this blog, we will explore the concept of trust planning for UK ex-pats and highlight its significance in securing your financial future.

Financial advisers can be valuable resources for individuals seeking to manage their money and achieve their financial goals. While many people believe that financial advisers simply provide investment advice, they actually offer a range of services that can help their clients achieve financial success. In this blog, we’ll explore how financial advisers add value and the benefits they can offer.

As the population in the UK ages, many families are faced with the challenge of transferring their wealth to the next generation. This process is known as intergenerational wealth transfer and can have significant implications for both the giver and the receiver. In this blog post, we will discuss some of the key considerations for UK residents looking to transfer their wealth in 2023.

Wanted to reduce inheritance tax and ensure their money remained in the family

Your pension is an asset, just like your home, and other investments. So, when you die, you’ll want to make sure that your family and loved ones are able to make use of anything that you have left in your pension pot.

Inheritance tax can seem like a particularly cruel charge at a time of grief. There are ways of reducing the tax burden, however, and a pension can play an important part in that.

If your total combined assets including your life insurance exceed the inheritance tax threshold, your beneficiaries will have to pay the inheritance tax due before they are able to gain access to your estate. The life insurance, alongside other assets, will also need to go through probate, which can take months, if not longer to complete. Luckily, there are ways to mitigate this.

These tips and tricks are all great ways to increase the efficiency of your estate after your death.