Inheritance Tax
Inheritance tax is levied on your assets when you die. It can potentially be an enormous burden that your family has to pay from your estate, and may even force them to sell your family home.
Inheritance tax is a growing concern for more and more people, because it is no longer limited to the very wealthy. The value if even a modest property can take the owners into the inheritance tax bracket.
Happily, careful planning can mitigate your exposure to inheritance tax, so that your beneficiaries receive their share of your wealth, rather than the government. Life Insurance policies can be a key element in inheritance tax planning, provided that they are set up in a way that enables them to fund any inheritance tax liability.
The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
For specialist tax advice, please refer to an accountant or tax specialist.
Abraham Associates is a trading name of Louis Abraham, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
Abraham Associates is not a business in its own right, it is part of Louis Abraham, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited. The Openwork Partnership is one of the UK’s largest Financial Advice networks, with over 4,500 advisers and in excess of 700 appointed representatives based throughout the UK.
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