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Inheritance Tax Advice

Decisions on dealing with inheritance tax can often be difficult to navigate, but, taken properly, they can avoid or reduce the need for your loved ones to pay more tax than they need to when you’re gone. What’s important is that these decisions are made before you go!

At present, the first £325,000 (2016/2017) of an individual's estate is not liable to Inheritance Tax. For married couples and registered civil partners, it is currently £650,000 if the full allowance is passed to the surviving spouse.

Anything over this amount is taxed at 40% on death. If your estate is likely to be over the current thresholds, there are options available that you can consider to help mitigate Inheritance Tax, including:

  • Have your will written and planned correctly to save the maximum amount of tax
  • Transfer assets through the prudent use of lifetime gifts
  • Create a tax-efficient fund to enable the beneficiaries of an estate to meet the tax liability without disturbing the family wealth. Under current inheritance tax legislation, pensions can play a considerable role in estate planning.

One of our specialist and experienced advisers would be happy to discuss how your finances will be dealt with when you’re gone, from ensuring you have a will in place to reducing the impact of tax on your inheritance. Contact us now to arrange a free, no-obligation appointment to discuss your requirements further.

Why Us
Why Us
Acklam Financial Ltd are Independent Financial Advisers with over 100 years of collective experience. We are passionate about helping you make the most of your finances, which is why we take the time to get to know you, your lifestyle and aspirations, before offering personalised financial planning and advice, tailored to you.
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Who We Are
Who We Are
Acklam Financial Ltd is an independent firm of trusted financial advisers dealing with all aspects of financial planning. Our Chartered Financial Planners are able to provide industry leading financial advice and our advisers have a wealth of experience in advising on the full range of financial products and services available on today’s market.
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What We Do
What We Do
Whether you are looking for mortgage advice, investment advice, retirement planning, inheritance tax planning, help with wills and trusts, or simply reducing costs, we have many years of experience in finding the most suitable solution for your needs.
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