There are a range of different solutions that enable this, and the suitability of each depends upon the individual needs and circumstances of the client. Whilst many people recognise the importance of IHT planning, few act, and this often results in the HMRC effectively becoming a beneficiary of the deceased’s estate, inadvertently through inaction.

Intergenerational planning, and IHT mitigation, enables wealth to be passed down from older generations to those below in a tax efficient manner. This may involve simple gifting, the use of trusts, life insurance policies, loans, or a combination of all of these.

The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.

The next step is to tell us what’s important to you and your financial goals, so that we can start your journey of wealth management.