Inheritance Tax Planning

It is not just the wealthy that leave behind a legacy for their loved ones when they die. Significant rises in property values have meant that more homeowners now fall within the Inheritance Tax band - making the tax man an unwanted beneficiary.

To ensure your children and grandchildren do not lose out, you will need to exercise a degree of control over your assets during your lifetime - while at the same time minimising any potential tax liability. 40% tax after allowances is a lot to hand over to the “Tax man” !

Income Replacement

Everyone's lifestyle, whether they are employed or self-employed, is dependent on a regular income. But have you ever stopped to consider the impact on your household if the money was to suddenly cease due to a serious illness or accident?

Your employer should be able to assist you in the short-term, but after a given period you will be totally reliant on state benefits. At a time when you should be concentrating on getting better, your recovery may well be hampered by financial worries.

Income Replacement Cover can not only provide regular income up to the time of your recovery or retirement age, whichever is the earliest, but is also an income that is tax free.

To learn more about the levels of protection available or to review your existing policy and make sure it provides enough income to cover your needs, just e-mail us with your contact details and the nature of your enquiry.

The FSA do not regulate some forms of Inheritaince Tax Planning.