Inheritance Tax (IHT)

For many people, Inheritance Tax planning has become a serious issue due to the sharp rise in property values in the last 10 years. At the same time, Inheritance Tax (IHT) thresholds have remained largely unchanged resulting in many people facing their estates being taxed at up to 40% on their death.

However, with careful planning, many people can mitigate the risk of IHT.

At Fairway Financial Management, we are able to assess your current estate and help you choose from a number of options including:

- Gifting Assets
- Protecting the tax liability
- Restructuring assets
- Making a new Will

We will of course discuss how each option works in detail when we advise you. The solution could be as simple as moving your assets held in joint accounts into individual accounts or setting up a trust.

Do you have a Will?

Hopefully, you already have a Will in place. A professionally written will is essential to avoid long delays in the administration of your estate. If you do not already have one, Fairway Financial Management work closely with a number of local firms of solicitors to ensure that the most basic stage of IHT planning is put in place in the most effective way for you

Important Notice:
The value of investments and/or pensions can fall as well as rise and you can get back less that you invested. Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor.