Mit Fiscal

Inheritance Tax Planning

Who should benefit the most from your financial legacy?

No one likes paying more for something than they feel they should and when it comes to inheritance tax we may be able to save your beneficiaries paying more tax than they should. Inheritance tax is often described as a voluntary charge made on assets we leave behind when we die. These assets have often suffered tax during your lifetime and there are a number of ways to mitigate some, or all, of this tax.

Reducing the amount the taxman receives from your estate and enhancing what you leave behind for those you want to benefit.

Inheritance tax affects more people each year and it isn't always just the very wealthy that can fall into this tax trap.

If you have saved and invested money throughout your life there is a chance that your assets could be hit with this tax. We have various options that we can employ in a bespoke plan to help you ensure that your money ends up in the right place, at the right time.

Getting the balance right so you that can enjoy your money and leave what you want to your loved ones.

It is imperative that any plan we help you design is right for your lifetime as well as maximising what is left behind for those you care about. There seems to be little point in creating a plan that hampers your lifestyle just because it could save your estate tax.

At MIT Fiscal we will use our knowledge and experience to formulate a plan that get's the balance right for your circumstances. These strategies could include options such as placing life assurance policies in trust, utilising your annual tax exemptions, making gifts to beneficiaries or charities, utilising trusts and investing in assets that benefit from inheritance tax exemptions.

Everyone's situation is different so we will focus on what's important to you.

Levels, bases and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor.

The Financial Conduct Authority does not regulate Taxation or Trust advice.