When you’ve worked hard and invested carefully to build your wealth, you want to look after it. That’s why it’s important to plan for your wealth preservation and the eventual transfer of that wealth
Estate planning involves planning how to pass on your assets in the most effective way. A significant part of this will usually be minimising inheritance tax. This could be achieved by using exemptions and allowances, making gifts, setting up life insurance or simply spending your money.
The nil rate band is your personal allowance that is free from inheritance tax. It is currently £325,000 per person. Any unused allowance can be transferred between married couples and civil partners when one person dies.
One of our advisers can help you unravel everything and make sure you’re using the rules to your advantage without stepping over the line.
