When it comes to inheritance tax, it’s essential to ensure your will is appropriately structured, but for clients with significant wealth, tax planning is more complex.
With many rules and regulations to consider, inheritance tax can be complicated. But don’t worry, we’re experienced in dealing with various circumstances, so we’re best placed to advise you on:
- Utilising Exemptions and Reliefs A crucial strategy in private wealth management, helping individuals and families maximise their wealth while minimizing tax liabilities.
- Establishing Trusts Trusts offer flexibility in estate planning, providing tax advantages, asset protection, and confidentiality while ensuring wealth is distributed according to specific wishes.
- Using the Nil-Rate Band and Residence Nil-Rate Band or (RNRB) are key inheritance tax allowances that help individuals pass on more of their wealth tax-free. The NRB allows up to a set threshold of an estate to be passed on without inheritance tax, while the RNRB provides an additional allowance when a primary residence is left to direct descendants.
- Lifetime Gifting Strategies are an effective way to transfer wealth while reducing inheritance tax liabilities and supporting loved ones during one’s lifetime. By making use of annual exemptions, small gift allowances, and potentially exempt transfers (PETs), individuals can pass on assets tax-efficiently.
Contact our Private Wealth Partners at TE Wealth
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Wealth Protection Partners
Our Private Wealth partners pride themselves on our inter–generational advice and ability to build long lasting professional relationships with our clients and their families. Our clients trust us to handle their complex affairs and in return we provide a simplified, high quality service.
We’re committed to ensuring your wealth is protected, and your family is provided for long into the future. Sometimes cases can be complex, our Private Wealth partners work hard to ensure you receive straightforward, jargon-free advice.
We want what’s best for you. Whether we work alongside your existing advisors or our panel of trusted experts, we offer a full service.
