Inheritance Tax Planning Bedford

The majority of our clients have worked hard throughout their lives, in order to be able to pass on money, property and assets to their loved ones when they die. An important factor to consider is Inheritance tax planning. Without it, your family could be liable for a 40% tax on your estate.

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Estate Planning
We all want to know that – whatever happens – the people we love are properly provided for. Estate Planning helps you to pass on your assets in the most effective way, so you have complete peace of mind. Learn More
Pension Planning
There’s plenty of choice available, but which pension is appropriate for you? Our Wealth Management advisors will consider your needs and provide guidance on a pension that’s right for you. Learn More
Inheritance Tax

Our financial advisors work with Bedford clients to minimise the Inheritance Tax beneficiaries pay. We’ll structure your estate effectively, and use strategies such as gifting, and the residence nil-rate band. Learn More

Retirement Planning
We’re living longer and making bigger plans for our retirement. Harpur Wealth retirement planning ensures that you achieve your desired goals whether you want to travel the world, or volunteer locally. Learn More

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Tax planning, probate, charity and trust investments

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Inheritance Tax applies if the estate you wish to pass on after your death is worth more than £325,000 – this is known as the nil-rate band. Your liability for Inheritance Tax is calculated by adding up the sum total of your assets, including:

 

  • Property and land
  • Bank accounts
  • Jewellery and art
  • Shares
  • Cars

The nil-rate band £325,000, would be subtracted from the total and the remainder is taxed at a rate of 40%. In certain circumstances using the ‘residence nil rate’ band could boost this threshold to £500,000 or even £1,000,000 if exempt gifting between spouses is used.

 

 

Inheritance Tax planning helps clients in Bedford to minimise the Inheritance Tax liability, in order to be able to pass more of their estate to loved ones, rather than suffering significant tax charges paid to HMRC. To achieve this Harpur Wealth can explore the use of the ‘residence nil-rate band’, ‘gifting’ and ‘pensions’ as 3 of a number of possible components that can be used in the development of an effective Inheritance Tax strategy.

 

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Financial Wealth Management Advisor Bedford

Bespoke inheritance tax planning for Bedford clients

Wealth management agency providing specialist services

We have learnt that our best work is founded on a clear and comprehensive understanding of our clients’ needs. That’s why we take time to listen; every life is unique, and we tailor our tax planning to each unique client.

 

Our wealth management advisors provide bespoke inheritance tax strategies, based on our Bedford clients’ existing estate and the beneficiaries they wish to benefit from it. You’ll receive a detailed commentary which explains exactly how the strategy aligns with your requirements.

 

It’s impossible to eliminate risk from our lives; what we can do, though, is to design strategies that are flexible enough to change if necessary. As a Harpur Wealth Management client, you’ll be invited to regular review meetings where you can discuss any changes that may require adaptation.

Call us today, and see how we can help

We create bespoke financial strategies tailored for you

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Harpur Wealth Management have worked with clients throughout Bedford, including: Kempston, Putnoe, Clapham, Salph End, Elstow, Clapham, Cardington, Biddenham, Bromham and Oakley

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