Inheritance Tax is a tax charged on certain life-time gifts, wealth on death and on certain transfers into and out of trusts.

This tax may be avoided or minimised by judicious use of gifts, will planning and trusts. Talk to us about your wishes and we can advise you on the tax implications. We will co-operate with your solicitor in seeking to ensure that your requirements are put into effect.

Consider the use of life-time gifts or the exempt transfers in your planning. Life-time gifts made over 7 years before death are exempt. Gifts within the 7 year limit are subject to tapering reliefs if made 3 years or more before death.

Areas of advice include:

• Analytical review of current financial planning arrangements
• Implementing procedures for company succession
• Focused planning for retirement
• Protecting against potential loss of profits due to illness or death
• Optimising the purchasing power of your pension fund at retirement
• Advising on capital investment strategies designed to maximise growth potential whilst minimising risk
• Creative trust planning to mitigate inheritance tax
• Proactive year end tax planning