No
matter how you have built your personal wealth and managed
to maintain it, you may be taxed in many ways on the growth
of your assets - and that can be very frustrating, especially
when on your death, your accumulated estate is potentially
cut into once more.
Simply
put, if your estate is above the limits set by HM Revenue
& Customs (Nil Rate Band), then Inheritance Tax (also known
as IHT) must be paid on the assets you leave for your beneficiaries
by as much as 40%.* Your estate can even be taxed for gifts
you gave within the past fourteen years - these are known
as Potentially Exempt Transfers (or PET's).
Inheritance
Tax is a growing concern for more and more people within
the UK and no longer limited to the very wealthy. Indeed,
it can be very difficult to pass on your assets without
incurring a tax burden and your beneficiaries may not have
to pay Inheritance Tax only - but Income Tax and/or Capital
Gains Tax too.
As
Independent Financial Advisers, we can help take away the
worry of your potential estate liabilities, by taking you
through a comprehensive review of your personal assets and
provide a detailed strategy for your estate that is built
according to your individual circumstances. This will help
to ensure that your lifetime assets are managed effectively
and are passed on to those most important to you in the
most tax efficient way.
Balfour
Wealth Management - together with key partners - is able
to provide services covering every area of the estate planning
process and can help you with:
Balfour
Wealth Management's estate planning specialists are well
positioned to review your situation and implement careful,
strategic financial structuring that meets your specific
needs. To arrange your free confidential Estate Planning
Review with a qualified Independent Financial Adviser,
contact us now and see how
we can help you.
*
Based on HM Revenue & Customs current limits.
Certain
products and services above are not regulated by the Financial
Services Authority.
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