Inheritance Tax & Estate Planning

Finding the best legitimate options to safeguard your estate so that it is not taxed unnecessarily and is received safely in the hands of the intended beneficiaries may be achieved through careful Inheritance Tax Planning.

Whilst it is important to plan ahead and to make sure your hard-earned assets do not go to the Government in Inheritance Tax when you die, you should also set out clearly in advance who should get what from your estate allowing you to make sure your children, grandchildren and other proposed beneficiaries are looked after when you die.

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Inheritance Tax (IHT) is a major concern as more and more estates fall within the IHT threshold.

Effective tax planning is essential to avoid leaving a substantial tax liability at death, thereby substantially reducing the value of the estate passing on to beneficiaries.

We can help you with Inheritance Tax Planning

Within your financial plan we will assess how we can minimise your tax liability and maximize what you can pass on.

Our Advisers will discuss with you all those areas where we can help you safeguard your dependants and protect against unexpected bereavement. We can advise you on reducing your inheritance tax liability, making a tax-efficient will, and providing a tax-free cash lump sum for your dependants in the event of your death.

We can also advise you on wider family protection needs, from life assurance to healthcare cover.

Life is unpredictable, it can be exciting, it can be daunting, but whatever happens, we will work with you to make sure your family’s future needs are secured. With careful planning we can safeguard your family finances, no matter what the future holds.

For effective estate protection and inheritance planning considerations these are the areas to consider:

Preserving your family’s wealth
Wills
Effects and minimization of estate duty
Effects of capital gains tax
Trusts
Personal assets
Business Assets

We specialise in the following Inheritance Tax areas:

Discounted Gift Trusts
Whole of Life Assurance
Trusts

MORTGAGES

As your largest monthly expense, our experienced advisers can provide specialist mortgage advice and recommendations for you at any stage of home buying.

RETIREMENT PLANNING

We will help you to understand your NHS Pension benefits and guide you with your retirement plans. The NHS Pension is changing again. Ensure that you are aware of how your plans will be affected.

FINANCIAL PLANNING

Personal financial planning starts with ensuring the basics are covered; Income to help pay the bills if you were sick and financial security for your family should you suffer a serious illness or die prematurely.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning. The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

“At Gallagher & Tarran Ltd, we endeavour to provide products and services of the very highest standards. However, should you wish to complain, you can contact us at our head office or by telephone on 01325 528222 and we will try our best to resolve it straight away. Should you be dissatisfied with our response, you can then ask the Financial Ombudsman Service www.financial-ombudsman.org.uk for an independent review. You should note that The Financial Ombudsman Service will only consider your complaint once you have tried to resolve it with us first”

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