Passing on your wealth

Estate planning isn’t as simple as just having a will in place…

An illustration of a gift

We’ll work closely with you to understand how effective estate planning, which has emotional as well as financial consequences, can impact your wealth.

Importantly, before providing advice on inheritance tax planning, we’ll help you determine the level of wealth you’ll require to meet your own needs. This will ensure you can then gift with confidence and that you’ll have a clear understanding of what might be left over.

There are many approaches to giving money away. You may want to maintain control of your money for a period, consider the implications for different family members or want the money to be used for a particular purpose. Your personal views will inform the best route to take whether this be in the form of regular gifting, establishing a trust whilst you are alive, or protecting against an inheritance tax liability on your estate.

Whatever your objectives may be, we’ll develop a plan to help meet your requirements.

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Our team will help guide you through the options available so you can make the right financial decisions for you and your family.

They’ll provide advice on areas such as:

  • How much you can comfortably give away
  • The nil rate band
  • The residence nil rate band
  • Expression of wishes
  • Spousal exemptions
  • Charitable gifting
  • Discretionary Trusts
  • Using life policies to cover an inheritance tax bill

Do you need help with inheritance tax planning?

Our team are well-versed in estate planning. Our advisers can guide you through the options to make the right decision for you and your family. Get in touch to discuss how we can help you.

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Financial planning

Financial planning can help you reach your goals in life, whether you want to determine when you can retire comfortably, bring organisation to your financial world or pass on your wealth effectively.

Pensions and retirement planning

Deciding when to retire is a challenging decision and can feel like a leap of faith. At Saltus, we gather information on all of your existing assets and then use our technology and expertise to show you exactly how to achieve the retirement you’re after.

Reducing your tax burden

How to structure your wealth and access income should be approached in a sophisticated way. A detailed financial plan may use pensions, ISAs, general investment accounts, offshore bonds and other tax wrappers to ensure you can draw your money in a tax-efficient manner.

Consolidating your wealth

Holding multiple investment accounts and pensions can mean they’re hard to keep track of and administer. We’ll help you overcome this by consolidating your accounts into a single plan so that you can understand your financial position with ease.

Protecting you and your assets

We protect our cars and houses without much thought yet you might be the most valuable asset in your family. Whatever your situation, we can provide advice to ensure you have the right level of insurance in place to keep your finances protected.

Significant life events

Significant life events can present great opportunities but also considerable challenges. Whether you are going through a business sale, divorce or are receiving a lump sum, we’ll help build a financial plan to meet your changing lifestyle.

Tax advantages and the way benefits are taxed may change to your benefit or detriment as a result of legislation change. This can happen without notice and can be retrospective.
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