Many of our clients wish to act to mitigate or reduce Inheritance Tax. There are several ways to do this in line with HMRC rules and guidelines.
Solutions can demand both financial and legal work. True Bearing are particularly well prepared for this having both skill sets within our services. Why not ask your adviser if he or she can include Inheritance Tax Planning in your advice package?
Whatever pension or investment strategies we advise you on, your True Bearing Adviser will always look to utilise your reliefs and personal allowances. This is called Tax Efficient Investment Planning
Pensions, ISAs, On and Offshore Investment Bonds all lend themselves to Tax Planning. Also, Venture Capital Trusts (VCT’s) Enterprise Investment Schemes (EIS) and Business Property Relief Investments may reduce your tax bills.
Your IFA will consider your specific personal allowances, including your income and capital gains tax allowances, including dividends, your inheritance tax allowances, corporate tax rates if applicable, and national insurance levels and thresholds.
If you have your own accounting and/or legal specialists we are more than happy to liaise with them.
* True Bearing are not accountants. For accountancy advice, you should consult your own specialist.
Each January we produce an up to date guide on tax efficient investing. The author is our own Compliance Director, Helen Lupton. The guide is to assist you before the end of the current tax year in April.
To receive a copy of the guide next January please contact Helen Lupton (firstname.lastname@example.org).