2024/25 tax year planning

The financial world can seem a complex place to navigate at times, particularly when it comes to areas like inheritance and estate planning. But that’s where our trusted and skilled teams of specialists come into their own – helping you through the process and handing you that most priceless of commodities; peace of mind.

Don’t wait until the last minute – get advice as early as possible

If retirement is looming or if you’ve already stopped working, then your mind may be turning to the best way of ensuring that your financial legacy lays the strongest foundation possible for those you care about most. Whether you need advice on making your will as tax efficient as possible, or easing your Inheritance Tax (IHT) liability, our advisers can offer guidance on the best path for you and your finances.

Mapping your future

Knowing how much money you will need in the future is the first port of call, when it comes to mapping out the financial future of your family. Financial requirements in retirement can often vary, so it’s crucial that you’re aware of what your future holds before you consider what happens next.

Giving gifts

There are a range of options available to you, when it comes to finding an effective way of passing on wealth to your family during your lifetime. And our advisers can give you the best up-to-date information in an area where tax laws change frequently. There are a number of gift allowances available, but it can be a complicated area. Which is where our expertise comes into its own. So, whether it’s a lifetime gift, or a potential exempt transfer (PET) of a larger gift, we can offer you the advice you need to make a sound financial decision, for you and the ones you love.

Trusting trusts

Trusts are a great way of keeping control of your assets, and a flexible way of managing control and maximising tax efficiency. Again, this can be a complex space, but with years of experience, our team of skilled advisers are well-versed, and will provide you with everything you need to choose the option that’s right for you.

Charitable legacies

Gifts to charities and organisations like political parties are also free and can deliver a range of benefits. With careful financial planning, they can ensure the amount you leave to your family remains intact, while also delivering significant IHT advantages.

Retirement pots

Pensions are one of the most tax-efficient ways of passing on your wealth. Getting the right advice and guidance early is just one way you can best look after your family’s future. That’s why we’re here. You can’t put a price on years of expertise. And you can’t afford to take risks with your family’s financial future. Trust us to arm you with all the information you need to make the right call – for you and the ones you love.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Approved by The Openwork Partnership 7-5-2024.