Specialist Financial Advisers from Wesleyan Financial Services offer tailored advice for teachers and education leaders on all aspects of estate planning, including:
- Working out the value of your estate
- Minimising your Inheritance Tax bill
- Setting up trusts
- Putting your plan into action
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Where do you want your wealth to go?
Estate planning is about making sure that all the things you own – whether it’s property, savings or investments – are passed on in line with your wishes when you die.
Without a proper plan, you could be leaving a big Inheritance Tax burden behind. We can help you manage the minefield of estate planning, with financial advice tailored to your unique needs.
Please note the Financial Conduct Authority (FCA) does not regulate Inheritance Tax planning and trusts.
Tax treatment depends on your individual circumstances and may be subject to change in future.
Minimise your Inheritance Tax liability with estate planning
Inheritance Tax can take a huge chunk out of the value of your estate. Anything above the threshold (or Nil Rate Band) of £325,000 could be taxed at 40%.
There are ways to help minimise Inheritance Tax. These could include:
- Making gifts to family and friends before you die
- Setting up a trust fund for those you want to benefit from your estate
- Putting your life and pension policies into a trust so they’re not included as part of your overall estate
A Specialist Financial Adviser from Wesleyan Financial Services can advise you. If you’d like to learn more before getting advice, you can read our guide to Inheritance Tax.
Why choose us for estate planning advice?
Personalised advice
When you meet with a Specialist Financial Adviser, you can expect personalised advice from somebody who understands the demands of the education profession.
They'll be able to advise you on an array of complex areas, including estate planning. They’re here to answer any queries you have around managing your estate – including your investments and the impact that your pension may have on your inheritance tax bill.
Balanced financial planning
Through a full review of your finances, we help you assess how you can start reducing your Inheritance Tax liability now, while ensuring you have enough funds to live comfortably in later life.
With estate planning, it’s always important to consider your future expenses, like the potential cost of care as you get older. If you tie all your money up in trust funds or give it all away as gifts to avoid Inheritance Tax, you could leave yourself short of the funds you need in retirement.
It’s a tricky balance, but one we can help you achieve.
When you meet with a Specialist Financial Adviser, you can expect personalised advice from somebody who understands the demands of the education profession.
They'll be able to advise you on an array of complex areas, including estate planning. They’re here to answer any queries you have around managing your estate – including your investments and the impact that your pension may have on your inheritance tax bill.
Through a full review of your finances, we help you assess how you can start reducing your Inheritance Tax liability now, while ensuring you have enough funds to live comfortably in later life.
With estate planning, it’s always important to consider your future expenses, like the potential cost of care as you get older. If you tie all your money up in trust funds or give it all away as gifts to avoid Inheritance Tax, you could leave yourself short of the funds you need in retirement.
It’s a tricky balance, but one we can help you achieve.
Frequently asked questions about appointments
Your adviser will explain any charges as part of an initial conversation. This conversation is at no charge and allows you to agree the areas in which you would like our help and advice.
You will only be charged once you have agreed the services you wish to receive from us, and the associated costs.
To make the most of your time with your Specialist Financial Adviser, it can be handy to gather any information or documents relating to your finances. This can help to give your Specialist Financial Adviser an understanding of your assets and liabilities.
You may also be asked to complete a Financial Outline. This enables your Adviser to tailor your appointment to you, your circumstances and your future goals. If you don't complete it beforehand, you’ll need to do so as part of your appointment.
An initial meeting with a Specialist Financial Adviser will typically last around one hour, though it does depend on the complexity of your circumstances. Often the Specialist Financial Adviser may arrange a second meeting with you to present any recommendations.
Still have questions about estate planning and IHT?
Improve your understanding of the key issues by reading the comprehensive guides below.
How to plan your estate
How does inheritance tax work?
Learn all about inheritance tax (IHT) with our comprehensive guide, including what it is, how it's calculated and how you could potentially reduce your liability.