Inheritance Tax Planning

Everyone is aware of the major fluctuations in the property market. The previous rises in house prices could mean that more people are finding themselves potentially liable for Inheritance Tax.

What is Inheritance Tax Planning?

If you die and your estate is worth more than £325,000 for the tax year 2011/12 Inheritance Tax (IHT) is payable at 40%. Would we be right in saying that you would prefer to leave that to someone you care about instead?

At Hughes Financial Services we can help you with Inheritance Tax Planning to minimise or avoid any possible payment of Inheritance Tax Planning. You may feel that you have all bases covered already but it is impossible to predict what will happen in the future. An unexpected inheritance from a relative, increase in inflation or increase in house prices could have an impact on the value of your estate.

There are several ways to protect against the effects of Inheritance Tax Planning. The simplest being making a will. It is the first step to making sure your estate is shared out exactly as you want when you die. For more information please contact us at Hughes Financial Services where we will be happy to discuss planning ahead to leave more behind.

Give us a call on 028 9181 5928 or drop us an e-mail.

Hughes Financial Services Ltd is an appointed representative of Ralston Bennett Financial Planning Ltd. which is authorised and regulated by the Financial Services Authority. (Company Reg No. NI69363). The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to customers based in the UK and Northern Ireland. The Financial Services Authority do not regulate taxation and trust advice. Hughes Financial Services is an integral part of the Hughes Insurance Group of companies.