Most of us would like to choose whom we pass our hard-earned wealth onto when we die. But, without effective planning, our wealth may not end up with those individuals so it is important to plan ahead.

When creating a strategy for passing on assets, good advice is crucial. SPF has a team of independent financial advisers with a broad depth of knowledge and expertise. By taking control of your inheritance tax (IHT) planning early on, we can build a tailored strategy with you, which you can carry out in as many stages as you wish. This will help ensure that you pass on as much of your wealth to your family or loved ones as possible during your lifetime and upon death, in the most practical and tax-efficient manner.

We will take into account your immediate and future needs, tax position, attitude to risk and personal circumstances, coming up with flexible product options to suit your needs and those of your beneficiaries. Possible strategies may include ensuring your will is updated to reflect your plans; effective use of trusts; smart gifting strategies and exemptions; IHT-friendly investments; life assurance; or even a blend of these.

If you have wealth to protect and are keen to reduce your overall IHT liability, a conversation with one of our advisers may be the first step to understanding where you stand.

The value of investments may fall as well as rise and you may not get back the full amount invested. Past performance should not be taken as an indicator of future performance.

SPF Private Clients offers a complimentary initial consultation. If you then choose to take financial advice from us, we will always provide you with an estimate of the cost in advance.