Passing wealth on
Download our free, practical guide to passing wealth on for an overview on how you can take control of your legacy.
Get your copy todayDownload our free, practical guide to passing wealth on for an overview on how you can take control of your legacy.
Get your copy todayWe pay tax throughout our lives, so for many of us the idea of our loved ones being taxed ‘again’ when they inherit the assets that we’ve worked hard to accumulate is a bitter pill to swallow. With IHT set at 40% it does have the potential to take a sizeable chunk from beneficiaries’ hands.
There is good news though. With prudent financial planning it is possible to mitigate IHT bills and potentially manage them away altogether. But starting early is key. If you leave it too late you may find that some options, such as gifting and trusts, are more difficult to use.
In this guide we explore:
• The basics of IHT
• The different ways you can manage it
• The potential benefits of taking a broader family view
At Richmond House Wealth Management we have the expertise to help you keep on top of IHT and it’s something we can do as part of a broader financial plan for your family. A plan designed to make the most of your wealth, for you and across the generations.