There’s plenty of pension options to choose from, but which of them is right for you? Harpur Wealth advisors assess your requirements and offer guidance on a pension plan that’s appropriate. Learn More
We’re retiring earlier which means that we can use the time to travel, begin a new career, or relax with the family. Harpur Wealth retirement planning ensures that you achieve your desired goals whatever they are. Learn More
Protecting income against illness and unforeseen events allows Harpur Wealth clients to plan for a secure future. Our advisors can offer advice on ways to protect your family, your business and your property. Learn More
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If your assets are valued at more than £325,000 at the time of your death, your beneficiaries could be liable for up 40% tax. The assets that are amongst those used to calculate whether or not you are liable for Inheritance Tax are:
- Property and land
- Bank accounts
- Jewellery and art
The nil-rate band of £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 Bedfordshire clients to minimise Inheritance Tax liability, in order that they can pass on 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 three of a number of possible components that can be used in the development of an effective Inheritance Tax strategy.
Bespoke inheritance tax planning for Bedfordshire clients
Wealth management agency providing specialist services
Our best work is founded on a clear and comprehensive understanding of each client’s requirements. That’s why we start by listening; every life is unique, which is why our tax planning is bespoke.
Harpur Wealth Management advisors provide tailored inheritance tax strategies, based on our Bedfordshire clients’ existing estate and the beneficiaries they wish to benefit from it. A detailed commentary clearly explains how our strategy aligns with your requirements.
We can’t eliminate risk; what we can do, though, is to design strategies that are flexible enough to accommodate change where necessary. Our clients are invited to regular review meetings where they 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
Harpur Wealth Management have worked with clients throughout Bedfordshire, including: Bedford, Luton, Clapham, Bromham, Biggleswade, Kempston, Dunstable, Woburn, Sandy and Barton-le-Clay