IHT Planning

Our Services

Inheritance Tax Planning

Inheritance tax effects more and more families. It is one of our system’s taxes that with careful planning you and your beneficiaries can legitimately avoid paying.

If your estate is worth more than a certain threshold, currently £325,000, i.e. £650,000 for married couples or civil partners, when you die, it is taxed at a rate of 40% on anything above the threshold.

A separate additional allowance can apply to your home if it is left to your children. This is currently £175,000 each so offers a further £350,000 for a couple.

This means that a couple can have a threshold or nil rate band of up to £1 million which the  government allows you to pass on before your beneficiaries have to pay tax. 

Our Services

Planning ahead

There are many different ways to plan ahead and reduce an inheritance tax liability, some solutions are based on gifting wealth, others use trusts whilst some solutions use existing legislation to bring the value of an investment out of Inheritance Tax calculations after 2 years. Implementing plans to help mitigate Inheritance tax liabilities requires a thorough understanding of your current situation as well as a vision as to what you want to achieve for your wider family.

Often Long Term Care funding planning goes hand in hand with Inheritance Tax planning when talking to clients. Holistic financial planning at this stage in life is key to helping you keep more of the wealth you have worked hard throughout your life to accumulate.

Associated service

Wills & Probate

We work closely with Wills and Probate lawyers to assist clients and families in keeping their Wills up to date and encourage all our clients to put in place Lasting Powers of attorney so that their financial plans can take care of them whatever the circumstances.

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Get in touch today to find out how Gordian Financial Services can help you

Our Other Services

Pensions
& SIPPs

Savings
& Investments

Corporate
Financial Advice

Divorce
Advice

Life Assurance, Income Protection & CIC

Our Offices

Westgate House,
25 Westgate Otley,
Leeds,
LS21 3AT

How to find us

Gordian Financial Services offers face to face financial advice.

With over 30 years’ experience, find out today how we can help you achieve your financial goals.