Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk


Inheritance Tax payments rise again. What can you do to minimise the tax your family will pay?

IHT receipts rose 14% to £6.1bn in the 2021/2022 tax year, the biggest single-year rise since 2015/16. This is not likely to slow down with the nil rate band not up for review until 2026 and property prices continuing to increase.

This is not a subject which it is easy to talk about but it is vitally important that you start to have conversations with your loved ones, about the size of your estate and the tax bill they will face if you do nothing.

The first priority is to make sure that your financial future is fully protected. That means that some families cannot take any avoiding action and the tax bill will just have to be paid.

However, my experience is that there is that many families can, with the use of Trusts and other fairly simple structures, significantly reduce the eventual tax bill whilst not putting their future at risk.

Where to start is the biggest issue for many families. A solicitor, with the inevitable fee implications, may well be needed at the implementation stage, but they are not the right place to start.

I have helped many families consider their options and alternatives, explain what they are doing to their children etc. and then source the right legal help when the time is right.

This is not something to put off, because many of the planning options take 7 years to be fully effective, with others needing just 2 years.

For the month of August ( normally a quiet time for me) I am offering a complimentary thirty minute Zoom consultation with up to six families who would like to explore whether this is something which should be receiving some serious attention. If you are interested just schedule a call here 


This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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