Does Bluebond Tax Planning provides with Life Assurance services?
Although this is the default advice route for most inexperienced Inheritance Tax advisers, Bluebond Tax Planning does not arrange this type of cover but will refer you to a separate firm of independent financial advisers should you decide you require it as we acknowledge that Life Assurance services do have their place in a comprehensive plan to mitigate Inheritance Tax.
Life Assurance for married couples
Married couples (or civil partners) who are both UK domiciled or people who have been UK resident for over 15 out of the last 20 tax years will have a Nil Rate Band (NRB) allowance each which can be passed on to their surviving spouse if unused on death.
Currently, the allowance is £325,000 each which means a surviving spouse who inherits a full NRB allowance can hold up to £650,000 in their estate before Inheritance Tax is payable. Should they wish to hold a higher level than they could insure against the 40% tax by insuring 40% of the excess estate to pay out on death.
Life Assurance for clients with large assets
For clients whose assets are large and who wish to retain assets in excess of their IHT allowances, this will mean they are liable to Inheritance Tax. This arrangement does not avoid the tax but provides the money to pay for it. However, it is usually an expensive option when comparing the long-term premiums against the cost of setting up a trust.
Inheritance Tax planning is complex and should not be undertaken without advice from an experienced Inheritance Tax Planner. Errors can be costly.
How do I know you can help me with avoiding IHT?
We have been Inheritance Tax and Estate planning advisers working with wealthy clients and providing Inheritance Tax advice for over 17 years. All of our clients who followed our advice paid no inheritance tax so it is unlikely we cannot help you.
Let us help you with your Inheritance tax planning
If you want to get your IHT issues resolved, we would like to invite you to register for our online video tutorial about How to avoid Inheritance Tax . This comprehensive video tutorial is free of charge and gives you practical information on effective financial planning and how to avoid Inheritance Tax. This course is a part of our FAIR concept of working with our clients to ensure their 100% satisfaction with our services.
How to avoid paying Inheritance Tax
Find your financial peace of mind and learn how to avoid Inheritance tax with our most comprehensive course on the UK market. The course is available for free to anyone interested in IHT solutions. Sign up today.
How we work
Our company is using FAIR concept to ensure 100% client satisfaction. Find out more.