New Inheritance Tax guide signposts ten ways to protect family wealth
EQ Investors (EQ) has published a new guide to help raise awareness of the importance of estate planning.
The guide is designed as an aid for individuals concerned about Inheritance Tax (IHT) and sets out ten options to help mitigate one of Britain’s most disliked taxes.
Amongst the topics examined are making a will, using your pension pot, gifts of capital, taking out insurance and equity release.
The timing of the payment – before any money is released from the estate – can cause real difficulties for grieving families.
John Spiers, Chief Executive at EQ, said: “Even though it’s the one tax you’ll never pay personally, Inheritance Tax causes more heartache than most other UK taxes. IHT is a 40% levy on your estate when you die. The timing of the payment – before any money is released from the estate – can cause real difficulties for grieving families.
“It’s so important to make sure that your planning is done while you are in good health.”
» To download the guide click here