Don’t sleepwalk into the IHT trap
With over £5 billion paid in Inheritance Tax (IHT) to HMRC in 2018 -2019 and the average house price now standing at £250,000, it's no longer the wealthy tax it was once considered to be.
It can cost loved ones hundreds of thousands of pounds when you die and with the recent announcement that the threshold is being held at £325,000 until 2026. Understanding this topic and talking to experts can help you ensure you have a plan in place.
Our latest webinar event will be hosted by our very own David Melloy. He will be joined by Harry Beddoe (Ascot Lloyd Independent Financial Adviser) along with Jenny Teal and Zara Bracegirdle from our trusted partner Woodfines Solicitors. They will help you understand what IHT is and how you can plan and put actions in place now to minimise any liabilities your estate may have to pay.
If you are concerned about your estate potentially being subject to IHT and want to understand how you can minimise any liability, then this webinar is a must attend event for you.
What are the topics?
- What is IHT and what are thresholds?
- Why it needs to be paid and when does it need to be paid?
- What is gifting, what are trusts and can they be used to help reduce IHT?
- What is the nil rate band and you can plan for this?
Want to join in?
We are running two separate 45 minute webinar events on Thursday 22nd April and you can register for the one that suits you best by clicking on the relevant time slot below. We are expecting high demand and as places will be limited, we encourage you to register quickly.
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This communication/presentation is for information purposes only. Nothing in this communication constitutes financial, professional or investment advice or a personal recommendation. This communication should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the document. Any opinions expressed in this document are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or companies within the same group as Ascot Lloyd as a result of using different assumptions and criteria.
The information is based on the Company’s understanding of current UK tax legislation and HM Revenue and Customs (“HMRC”). Levels and bases of taxation and reliefs are subject to change and their value to you will depend on your personal circumstances.
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Originally from Jersey, Harry has been working in the financial services for over half a decade – starting off as an administrator at a small boutique advice firm he has experience in almost all roles of financial advice on his path to becoming an Independent Financial Adviser. Harry joined Ascot Lloyd in September 2020 and is supported by a highly skilled and dedicated team.
During his time in the industry Harry has assisted a range of clients and is experienced in dealing with pension, both pre and post retirement, investments, life protection, and inheritance tax planning.
Harry has a strong focus on assisting people who wish to see their funds invested in sustainable and ethical solutions without compromising on performance.
Jenny qualified as a solicitor in 2013, and spent six years based at a law firm in Hitchin, following successful completion of her law degree at the University of Hertfordshire and the LPC at the College of Law in London.
Since joining Woodfines’ Private Client team in 2019, Jenny has continued to assist clients with the drafting of their Wills, administration of estates and trusts, and powers of attorney.
Her clients praise her for being efficient, approachable and able to explain complex matters in a clear and sensitive manner.
Jenny is a full member of The Society of Trust and Estate Practitioners (STEP), and is a keen participant when it comes to supporting charitable causes. She completed the Three Peaks Challenge in 24 hours to raise money for Children with Cancer, and a ‘240km in 24 hours’ treadmill challenge for a local charity, Phase. She also enjoys volunteering at the Distribution Centre in Calais and taking part at an annual charity netball tournament in Hitchin every year.
Zara is an experienced lawyer advising a full range of clients on wills, trusts, Powers of Attorney and non-contentious probate work. This includes working with family business owners as well as agricultural businesses. Zara has a friendly approach and works with her clients to help them move forward with their objectives whether that is protecting a vulnerable family member or to safeguard the wealth of her clients and that of their families.
Zara has specialised in private client law since qualifying as a solicitor in 2008 and is a full member the Society of Trust and Estate Practitioners (STEP).