Future-Proofing Your Wealth

It takes hard work to create your wealth, but inheritance tax could have a bigger impact than you bargained for if you don’t plan ahead.

After a lifetime of hard work and the accumulation of wealth, it’s natural to want to pass on your assets to others once you’re gone. But without careful planning, the effects of inheritance tax could take a chunk out of your assets, meaning that your loved ones don’t benefit as much as you intended.

It’s therefore essential to look ahead and consider all the factors that could reduce the sums you pass on. Inheritance tax is the big one because although it was once seen as a tax on the very wealthy, the rise in property values means that many more people are now within its orbit.

In order to mitigate the effects of inheritance tax as much as possible, we’ll work with you to make sure your financial affairs and your Will are arranged so that assets can be transferred in a tax-efficient manner. We’ll also guide you through options such as gifting during your lifetime, again helping to avoid unwanted tax penalties.

Where will writing services are required, we’ll refer you to a service that is separate and distinct to those offered by St. James’s Place. Wills are not regulated by the Financial Conduct Authority.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.