IHT – a voluntary tax

Not many taxes are voluntary but Inheritance Tax (IHT) is close – click here to enquire about how you can avoid IHT with some careful planning.

IHT is still a threat. Even the recent changes for married couples don’t mean that everyone is in the clear and there is a lot at stake – nobody likes paying 40% tax. Target has the range of experience and expertise needed to make the most of your own unique position, both immediately and in your Will. We’re a very long way from one-size-fits-all.

Your Will
The most important part of any Inheritance Tax strategy, your Will, needs to be carefully written and fully up to date. Legislation changes all the time and so do your circumstances and family requirements, please click here to enquire about a Will.

Target works closely with solicitors giving you the ideal combination of legal and tax expertise, including the use of trusts where they still make sense. You can depend on us for a sympathetic service that safeguards your wishes, makes the most of tax breaks and delivers the flexibility needed to survive changes in rules. 

It isn’t just intestacy that can be disastrous for your dependants or children. An out of date or poorly written will can leave you wide open to draconian tax liabilities or it can distribute money in ways you didn’t want or intend. Ask us about the new Lasting Powers of Attorney too – we can help you to navigate the increase in complexity that recent changes have brought with them.

Lifetime planning
Not every inheritance strategy involves your Will – there are highly effective actions you can take now. Trusts can be very useful, allowing you to give money to children before your death without losing control, or helping you to protect your estate from care home fees. We can also help you make use of business or agricultural property to save on eventual tax liabilities. Target will help you to find a successful way forward, steering well clear of expensive traps such as pre-owned asset tax (POAT) or rules on gifts-with-reservation of benefit, click here to enquire to see how Target can help you.

We can also help you with advice on tax-efficient investments that will benefit not only your eventual beneficiaries but you and your family right now. Ask us about tax-friendly vehicles such as Enterprise Investment Schemes: Target Financial Management will be pleased to help.

To request a call click here.
For an initial talk, call us on 0845 241 3387 or alternatively, email an expert.
We can offer you an obligation-free talk about your own circumstances.