In the event of your death, your beneficiaries could pay inheritance tax at 40% on the value of your estate above £325,000.
If your estate including the value of your home is worth £500,000,
that could mean a tax bill of £70,000.
For an estate of £1m, the tax figure could become £270,000!
For advice on the various ways of mitigating a potential inheritance tax
liability, email David Higgins or call him on 020 8458 7427.
Re-Financial Planning Limited, the financial planning division of Glazers, is authorised and regulated by the Financial Services Authority.
Glazers Chartered Accountants is regulated by the Institute of Chartered
Accountants in England and Wales for a range of investment business activities