In Stellar AM's previous article Tina Stone explained the basics of Inheritance Tax (IHT) and touched on how HMRC collected an eye-watering £5.4bn in 2018/19 for a voluntary tax that can be legitimately mitigated. Here, Jonathan Simmons looks at the solutions …
As a financial adviser, having a solid foundation plan is key to saving your clients' families from losing thousands of pounds in unnecessary tax. Doing nothing will result in a flat 40% tax on all assets...
ISA tax relief cost £3.3bn in 2018/19
Tax doesn't have to be taxing
No change to pension tax relief
Six months' prep time
Searches on Square Mile’s Academy of Funds