Estate and Inheritance Tax Guidance

Protecting wealth against inheritance tax plays an important role in any long-term financial plan.

How do I reduce my inheritance tax?

Protecting wealth against inheritance tax plays an important role in any long-term financial plan. JNFP offer independent, comprehensive advice on how to take advantage of the most tax-efficient and effective strategies to manage and protect your estate. We can help you use trusts to pass money to loved ones to remove some of your wealth from your inheritance tax bracket. Passing ISAs on to your spouse tax efficiently on death may also be an option. Your wealth can be left to your spouse with no inheritance tax liability though it will become due when the second parent dies.

The main residence nil rate band will be transferable where the second spouse or civil partner of a couple dies on or after April 6, 2017 irrespective of when the first of the couple died. The nil rate band will continue to be £325,000 from 2018 to 2019 until the end of 2020 to 2021.

As part of our service, we can recommend a solicitor to help you with wills and powers of attorney – key components of your wider life plan.
Please note that The Financial Conduct Authority does not regulate estate planning, tax advice, wills or trusts.

To discuss how we can help reduce your inheritance tax bill, call JNFP on 01905 779193, email info@janenewmanfp.co.uk or get in touch via our Contact Us page.

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