A Guide to Family Wealth Preservation – How to Reduce Inheritance Tax


Inheritance tax is not just for the extremely wealthy. Rising property prices have meant more estates than ever are likely to face an inheritance tax bill. In fact, the amount of inheritance tax collected is expected to reach £6.9 billion by 2023-24, an increase of £1.5 billion in just five years¹.

In addition, many families are increasingly asking how to plan for later life care, with one in ten people now spending over £100,000 on care fees during their lifetimes². With the elderly population expected to increase by more than 40 per cent over the next 50 years, planning for the cost of care is fast becoming an essential part of financial planning.

Whether your goal is legacy creation, gifting, estate preservation, later life planning or something else entirely, there are always strategies which can preserve your family wealth while delivering the right blend of control, access, security and simplicity.

We have created a guide that will give you an idea on how you can plan ahead as well as an Inheritance Tax Calculator to check your own liability. Estate planning is a complex area and, as everyone’s situation is unique, we would encourage all Clients to reach out to their financial planner to discuss the best options for you and your family.

Please visit the downloads section at the bottom of our news page to access the guide.

As with all financial planning, having conversations early with the whole family is often worthwhile. Should you wish to discuss the contents of this guide in more detail, please contact us here.

¹ HM Treasury Budget, October 2018.
² https://www.unbiased.co.uk/news/retirement/what-you-need-to-know-about-planning-care-fees

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