Your goals may include passing wealth onto your children during your lifetime.
Whether you would like to help your children onto the property ladder, contribute to a grandchild’s education or wedding, or help your parents with later-life planning, careful consideration can ensure your wealth works harder for all your family without putting your own security and retirement comfort at risk.
As well as ensuring the smooth passing on of your wealth, inter-generational planning can also help to reduce an Inheritance Tax bill. This could mean more of your money going to your Family and less to the Taxman.
If you would like to explore how Inheritance Tax & Intergenerational Planning could benefit you, please get in touch on 01227 206 213.
The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.