Demand for guidance on tax planning has prompted IFA support firm Sesame to launch a series of free seminars for advisers to run throughout September.
The firm says a study conducted with 450 advisers by Sesame Learning suggests 43% believe the biggest barrier to IHT planning was their lack of technical knowledge on the subject.
In addition, 36% of IFAs said they felt it was their clients’ unwillingness to address issues surrounding mortality that was the greatest hurdle to overcome.
Sesame says the 21 seminars, which will start on September 4 in Dundee, Scotland and end on September 27 in Shrewsbury, aim to “enhance advisers’ technical knowledge, and therefore their confidence, in identifying the most appropriate solutions for their clients”.
It says the events will seek to address key issues, including:
- How to use estate planning methodology effectively;
- Which trust to use and when;
- Updates on recent taxation decisions and changes; and
- The role and responsibility of trustees
Paul Dawson, head of Sesame Learning, says: “Consumers are now more aware of inheritance tax, but many still struggle to understand what options are available to them.
“Advisers are ideally placed to help their clients understand their tax situation, and put in place effective measures that provide the right solution for their client’s individual circumstances and wishes.
“However, advisers perceive inheritance tax planning to be one of the most complicated areas to grasp and advise on.
“Sesame’s tax planning technical seminars will seek to help advisers overcome some of these barriers by improving their know-how, and thereby enhance their service to clients.
“Tax planning is not an exact science that you can learn once and always remain expert. Advisers need support to refresh their knowledge and acquire the latest technical guidance.”
The sessions, which will also take place in venues in Cardiff, Bristol and Birmingham, are being hosted by Sesame, and supported by Clerical Medical, Friends Provident, Legal & General and The Hartford.
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