Inheritance
It’s your legacy, not the tax mans
What is Inheritance Tax?
In the UK, there are two allowances for Inheritance Tax. The nil-rate band, which allows you to pass on £325,000 free of Inheritance Tax and the Residential nil-rate band which provides an additional £175,000 if you’re passing a property to a direct descendant, providing your estate is not worth more than £2,000,000. Each person is entitled to these allowances and a married couple could potentially have a joint nil-rate band of £1,000,000. Any funds above the nil-rate band would be taxed at 40% which is a huge grab of your wealth.
As much as 40% over your allowances.
How does your service work?
With Inheritance tax-planning, there is no one size fits all solution and work carried out by Advisers at Future Life Capital would be fully bespoke to your situation. We would conduct a full-fact find to establish the current Inheritance Tax position and recommend a plan or options of various plans to mitigate your Inheritance Tax problem.
Options tailored to your personal circumstances.
Keeping in touch
It is amazing how quickly our circumstances can change and it is important to review your existing plans to reflect this. If no on-going relationship is established, we encourage customers to re-engage with us to review their plans and ensure they are still doing the right thing.
Re-assessing your needs through life’s changes.
What are the costs?
Should there be an Investment Recommendation, we would charge 1% to implement the plan and 0.60% adviser charge per annum to provide an on-going service should you require it. There may be Life Cover that is recommended, in which case we would receive a commission from the insurer. All other work would be charged at our hourly rate of £175 adviser time and £90 administration time.
A simple and transparent charging structure.
