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STAY BELOW THE IHT THRESHOLD
The tax free IHT threshold in the UK is currently £325,000 and will remain so until 2026. When one spouse dies this transfers equating to a maximum of £650,000 inheritance tax free when both pass.
MAIN RESIDENCE ALLOWANCE
The main residence threshold in the UK is in addition to the IHT threshold of £325,0000 per spouse totalling £650,000. Each spouse can also pass on £175,000 worth of main residence tax free, totalling £350,000.
SPEND IT!
You’ve likely worked hard all your life to aquire your wealth so why live on a budget only to potentially give 40% to the taxman when your beneficiaries are taxed. Enjoy life with maybe a new car and trips of your lifetime.
GIVE ASSETS AWAY
£3,000 worth of assets can be given away tax free each year. You can aslo gift £5,000 tax free for a childs wedding. Anything on top of that will be subjeect to IHT if you die within 7 years on a sliding scale.
PUT IN TRUST
Trusts enable you to save on inheritance tax without having to gift outright to another person. After 7 years the assets fall outdie your estate for tax purpose. Growth also remains outside of your your estate tax wise.
LEAVE TO CHARITY
Anything you leave to charity is free of inheritance tax. When you leave 10% of your estate to charity then teh inheritance tax liability gets reduced from 40% to 36% on the remaining 90% of your assets.
STAY BELOW THE IHT THRESHOLD
The tax free IHT threshold in the UK is currently £325,000 and will remain so until 2026. When one spouse dies this transfers equating to a maximum of £650,000 inheritance tax free when both pass.
MAIN RESIDENCE ALLOWANCE
The main residence threshold in the UK is in addition to the IHT threshold of £325,0000 per spouse totalling £650,000. Each spouse can also pass on £175,000 worth of main residence tax free, totalling £350,000.
SPEND IT!
You’ve likely worked hard all your life to aquire your wealth so why live on a budget only to potentially give 40% to the taxman when your beneficiaries are taxed. Enjoy life with maybe a new car and trips of your lifetime.
GIVE ASSETS AWAY
£3,000 worth of assets can be given away tax free each year. You can aslo gift £5,000 tax free for a childs wedding. Anything on top of that will be subjeect to IHT if you die within 7 years on a sliding scale.
PUT IN TRUST
Trusts enable you to save on inheritance tax without having to gift outright to another person. After 7 years the assets fall outdie your estate for tax purpose. Growth also remains outside of your your estate tax wise.
LEAVE TO CHARITY
Anything you leave to charity is free of inheritance tax. When you leave 10% of your estate to charity then teh inheritance tax liability gets reduced from 40% to 36% on the remaining 90% of your assets.
I was contacted within the hour by a courteous financial adviser and I did not feel pressured at all. He explained the service that he offered including a no obligation initial meeting which I have arranged.
I filled in the form on UK IHT and an adviser called James rang the same day. We arranged to meet and he was able to propose suitable solutions for our estate needs.
Simon, the adviser I was introduced to, has given me great advice on my estate as well as sorting out the complexities of various asstes I have. Simon is an expert in his field.
I was introduced to an adviser called Peter. He helped me with organising my estate in a way suitable for my circumstances. Everything has worked out well and I am very happy,
I would highly recommend UK IHT Planning. They referred me to an extremely helpful and knowledgeable adviser who helped me make sense of organising my esate.
James comes across as honest and forthright with good ideas, timely responses and a high degree of personal service which make everything move along smoothly.
UK iht introduced me to James whose advice and efficient approach has been greatly appreciated. I have been happy with this service and would recommend James happily.
UK IHT Planning put me in touch with Matthew who showed great patience and diligence in organising my will and esate. He took care to explain the process throughout and I highly recommend him.
I was contacted within the hour by a courteous financial adviser and I did not feel pressured at all. He explained the service that he offered including a no obligation initial meeting which I have arranged.
I filled in the form on UK IHT and an adviser called James rang the same day. We arranged to meet and he was able to propose suitable solutions for our estate needs.
Simon, the adviser I was introduced to, has given me great advice on my estate as well as sorting out the complexities of various asstes I have. Simon is an expert in his field.
I was introduced to an adviser called Peter. He helped me with organising my estate in a way suitable for my circumstances. Everything has worked out well and I am very happy,
I would highly recommend UK IHT Planning. They referred me to an extremely helpful and knowledgeable adviser who helped me make sense of organising my esate.
James comes across as honest and forthright with good ideas, timely responses and a high degree of personal service which make everything move along smoothly.
UK iht introduced me to James whose advice and efficient approach has been greatly appreciated. I have been happy with this service and would recommend James happily.
UK IHT Planning put me in touch with Matthew who showed great patience and diligence in organising my will and esate. He took care to explain the process throughout and I highly recommend him.
UK IHT Planning is a trading style of JTX Partners who specialise in connecting prospective clients with financial advisers and companies who are fully authorised and regulated by the Financial Conduct Authority (FCA). The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
UK IHT Planning is owned and operated by JTX Partners. If you are a financial adviser or company interested in working with us email: contact@jtxpartners.com
UK IHT Planning is a trading style of JTX Partners who specialise in connecting prospective clients with financial advisers and companies who are fully authorised and regulated by the Financial Conduct Authority (FCA). The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
UK IHT Planning is owned and operated by JTX Partners. If you are a financial adviser or company interested in working with us email: contact@jtxpartners.com
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