Inheritance tax is the tax imposed by the Government when you die. The amount payable is based on the value of everything that you own above a designated threshold. It includes any property, savings, investments, personal belongings and even the value of your life assurance policies.
Without proper tax planning there could be a very large tax bill to pay after you die. But with sound financial advice, careful planning and making full use of the inheritance tax allowances and exemptions, your inheritance tax liability can be significantly reduced.
Between our legal experts at Bakewells and our recommended Independent Financial Advisor, we can help to make sure that your loved ones don´t pay a penny more tax than they need to.
Examples of how we can help to reduce your inheritance tax liability:
The sooner you start planning the more money you can save.