A website to help IFAs develop their Inheritance Tax (IHT) business has been launched by Scottish Provident International Life Assurance.
As the price of houses rise, more and more people are being caught out by IHT, with figures from the Inland Revenue suggesting the number of families caught by IHT has risen by more than 90% over the last seven years, with a total of £2.9bn paid to the Revenue in 2004.
Scottish Provident, a subsidiary of Abbey International, have devised a website to help IFAs make the most of the opportunity presented by the increase in the number of people affected by IHT. The website offers an IHT calculator that shows the impact and benefits of nil rate band planning, along with an interactive ‘reason why’ letter and a ‘which trust’ guide.
Although the website has already gone live with the interactive letter, guide and calculator, Scottish Provident is planning to add extra material to the site over the next few weeks, including presentations and interviews explaining recent developments such as discounted gift Potentially Exemptemt Transfer schemes, along with a tax and trust guide and regular updates on IHT and estate planning.
There will also be a section devoted to ‘Developing Professional Connections’ which aims to give IFAs help in approaching solicitors to work together for IHT planning.
Scottish Provident says IHT is no longer simply a concern of the very wealthy, and understanding the challenges and pressures IFAs face when dealing with IHT they have launched the website to offer tools and advice that will help the IFA develop professional connections and work with a solicitor in order to increase business opportunities and fulfil a clients IHT planning needs.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7968 4558 or email [email protected].IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation