Many people fail to consider the consequences of estate tax and what they can do to minimise it. Originally introduced to tax the wealthy, the threshold at which you become liable hasn’t kept pace with inflation or rising house prices. The result is that even a modest estate can attract Inheritance Tax.
In many cases, with a little planning and careful consideration, Inheritance Tax can be significantly reduced or done away with altogether. Whole of Life insurance policies, Trusts, Offshore Portfolio Bonds, QNUPS and QROPS – each of these tools can be used to help safeguard the interests of your heirs.
To pass your assets to following generations and not to the government, contact us today.