Inheritance Tax Planning
Inheritance Tax Planning
With Inheritance Tax having the potential to significantly reduce the size of the estate you pass on, it really is so important to plan ahead and make good use of the strategies that are available to help reduce the impact on your loved ones’ inheritance.
Since 1969, Partridge Muir & Warren has been looking after the financial and estate planning needs of individuals, families and business owners Surrey wide. Inheritance Tax planning is one of our core areas of expertise, and we have helped many clients make a difference in terms of maximising what they are able to leave to those who matter to them.
As we are chartered financial planners, our clients know they can rely on our high level of expertise and gold standard service. Our in-house team of dedicated financial, legal, investment and tax planning specialists are ready to take care of each and every aspect of your Inheritance Tax and estate planning needs, and we look forward to taking the time to provide the advice you need. Because here at PMW, preserving the wealth of our clients has always been our core goal.
Your personalised Inheritance Tax planning strategy
Inheritance Tax planning is a very important aspect of estate planning. Consulting with a specialist tax planning expert who knows which strategies can be applied to reduce the Inheritance Tax payable on your estate, you will find that they take unlimited time to thoroughly understand your ultimate wishes for your family, and your individual situation.
We fully appreciate how important it is to you to ensure your family is properly looked after, and you will find us as resolute as you are to achieve your goals. From creating trusts to lifetime gifting; from residence allowance management to property ownership and from charitable legacies to pension strategy, our IHT planners know just how to make use of the various tools available.
If you are keen for your loved ones to enjoy a larger proportion of your estate after you’ve gone, then we are here to make sure that happens.
We fully appreciate how important it is to you to ensure your family is properly looked after, and you will find us as resolute as you are to achieve your goals. From creating trusts to lifetime gifting; from residence allowance management to property ownership and from charitable legacies to pension strategy, our IHT planners know just how to make use of the various tools available.
If you are keen for your loved ones to enjoy a larger proportion of your estate after you’ve gone, then we are here to make sure that happens.
Watch our video to find out what we can do for you
Professional Inheritance Tax planning advice, from an award-winning team
In terms of Inheritance Tax planning, Surrey-based PMW has been widely recognised for its expertise within the financial planning sector, with a string of awards and repeat accolades to prove it.
The City of London Wealth Management Award for example, presented to us for two consecutive years, acknowledges the quality of service we extend to our clients. In addition, we have been named Wealth Manager of the Year Southern England following votes from our clients and the wider public. We have also been presented with the title of Best UK Independent Adviser by Advisory HQ for the past four years.
The City of London Wealth Management Award for example, presented to us for two consecutive years, acknowledges the quality of service we extend to our clients. In addition, we have been named Wealth Manager of the Year Southern England following votes from our clients and the wider public. We have also been presented with the title of Best UK Independent Adviser by Advisory HQ for the past four years.
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What is Inheritance Tax?
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Inheritance Tax (IHT) is a tax payable on the value of a person’s estate when they die. If the value of the estate exceeds the current applicable IHT threshold, also known as the nil rate band, and with exemptions factored in, then IHT will be charged at the prevailing rate.
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Is it possible to reduce the amount of Inheritance Tax payable?
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There are various strategies we can use to reduce the amount of Inheritance Tax your beneficiaries pay. Every situation is different, and because tax legislation is constantly evolving, the advice with which we provide you will be wholly bespoke. We may for example suggest creating trusts, lifetime gifting, making use of the residence allowance, changing the way property is owned or leaving a charitable legacy. These are just some examples of IHT planning strategies.
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How is Inheritance Tax paid?
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On your passing, it will be down to your executors to calculate the IHT liability and ensure anything due is paid. The liability will usually need to be paid within six months of the date of death. If it is not, then HMRC will usually apply interest.
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How much does your Inheritance Tax planning advice cost?
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At PMW, we have always been committed to providing a transparent and unbiased pricing structure across our complete range of services. With our Inheritance Tax planning advice therefore, you will never find any hidden charges, and you will always be kept fully aware of the costs involved.