Inheritance Tax

If you have paid tax on your earnings during your life time do you really want to see the government take up to 40% of your wealth when it passes to the next generation? Inheritance tax planning can mitigate some, if not all of this tax.

Inheritance tax planning is only something to be considered if your entire wealth of assets (and debts) comes to more than £325,000 for the 2013/14 tax year. Also you need to have wealth to spare – if you need all the money you have to live on then planning options may be limited.