inheritance tax planning
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inheritance tax planning

Inheritance Tax Planning

omni financial
It is perfectly legal for a person to minimise the amount of tax that is due from their estate and to protect their assets from attack (for instance, in the case of care fees) just as long as the methods used are in fact legal themselves. Omni Lifetime Planning specialise in all of these areas. 

When a relative dies, and leaves an estate worth more than £325,000, families are required to pay 40% tax on the value of the money and property left to them over and above the £325,000 threshold.  This is known as inheritance tax (IHT).

 

Inheritance tax is no longer something only the well-off need to worry about. Each year, several thousand more estates are dragged into the IHT net.  Your estate includes all your assets, as well as property it includes savings and investments as well as life cover, bank accounts and physical property such as cars, furniture and family heirlooms.  This is why your estate could be considerably over the threshold without you even being aware of it.

 

To protect your estate from the tax man and to ensure your money goes to the people you care about most, now is the time to start planning.  We’ll help you understand the different options available to reduce your IHT liability. This could include lowering the amount of inheritance tax by reducing the taxable value of your estate by making gifts or investing in inheritance tax efficient products and services.

Call us today to see how we can help.

Our Services

Our experienced advisers offer a comprehensive range of estate planning services, tailored to your particular requirements. Click on the images below to find out more about the services we provide. 

 

wills
probate
power of attorney
inheritance tax planning
asset protection
trusts
funeral plans