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Inheritance Tax Planning
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Inheritance Tax is a tax payable on your estate upon your death, it is charged at 40% on all your assets that exceed the threshold which is £325,000 in 2012-13. Taking out Life insurance can ensure your family receive the full value of your estate upon your death and your liability is paid. Talk to us about putting your inheritance tax policy into trust and receive your benefit tax free.
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What is the rate of payable inheritance tax
Currently Inheritance Tax is payable at the rate of 40% (2012/2013) on estates that have a value in excess of £325,000 (2012/2013) at death. Increasing the value of your estate on death by having a life insurance benefit(s) paid into the estate is not desirable, and can be avoided by placing the life insurance benefit(s) in trust for your chosen beneficiaries
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(http://www.fsa.gov.uk/register/home.do) under reference 488342.
Company Address: 1 Buckingham Court, Dairy Road, Chelmsford, Essex CM2 6XW.
Registered Address: 4 Capricorn Centre, Cranes Farm Road, Basildon, SS14 3JJ. Registered in England & Wales under company no: 06539910.
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