Savings and gifts
1 May 2008
The best way to ensure you pay no Inheritance Tax (IHT) is to give the money away before you die!
Trouble is, there are strict and stringent limits on how you dispose of your wealth during your lifetime, so you may need expert financial and legal advice.
You need to find the best way to save and the best way to give your money away when the time is right. Sound, tax efficient financial advice, using trusts where appropriate, coupled with the right levels of protection are all things that should be considered when making lifetime gifts. This is a complicated part of financial planning, so it’s worth taking advice. Find a financial advisor at www.nsandi.com
There is also a professional body called STEP (Society of Trust and Estate Practitioners) whose members are professionals specialising in trusts and estates, executorship, administration and related taxes. They can be contacted on 020 7838 4890 or you can find a member in your area on their website at www.step.org
