Inheritance Tax planning
Inheritance Tax (IHT) is a tax payable on the total value of a deceased person's estate and reduces the amount that may be passed on to your beneficiaries in the event of your death.
It applies at the rate of 40% on assets valued in excess of the Nil Rate Band (which is £312,000 for the tax year 2008/09).
You can undertake appropriate planning to increase the amount that may be passed to your beneficiaries and therefore minimise the effects IHT can have on your estate.
We can advise you on a number of solutions, from mitigation through different trust arrangements to insuring any potential tax liability.
To obtain advice on IHT and the related implications, you can contact your local Financial Consultant, using the locator below. Alternatively, call us on the number above or leave your details and we will call you back.
Wesleyan Assurance Society is authorised and regulated by the Financial Services Authority. Incorporated by Private Act of Parliament (No.ZC145). Advice is provided through Wesleyan Medical Sickness, Wesleyan for Teachers, Wesleyan for Lawyers and Wesleyan for Professionals which are divisions of Wesleyan Financial Services Ltd. ("WFS Ltd.") WFS Ltd. is a wholly owned subsidiary company of Wesleyan Assurance Society. Registered No. 1651212. WFS Ltd Head Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0845 351 2352 Fax: 0121 200 2971. Telephone calls may be recorded for monitoring and training purposes.