that you can save up to £400,000 in inheritance tax?
Your pension pot was never liable to Inheritance Tax. But you used to suffer a high rate of income tax on your death. The good news is that the income tax on pension pots on death has been abolished.
If you are over 75 when you die, your beneficiaries pay tax only when the pension pot is drawn down and only at his or her rate of income tax.
So if you have money in a defined contribution or a pension pot style pension, it can be advantageous to use up your non-pension assets first before your pension pot and so save inheritance tax.
Pension pots of up to £1M can be passed on tax free. This can save 40% inheritance tax which can in turn save you up to £400,000.
So why not use our £99 scheme. For a token payment of £99 we will meet with you, investigate your financial circumstances, advice you whether you have an IHT liability, assess the amount of that liability and then prepare a generic report giving our recommendations on how to reduce or even avoid your inheritance tax. You then decide whether to accept our recommendations or not.
So why not arrange a chat with one of our Consultants.
Just call 0800 852 1999 or email contactus@mcclure-solicitors.co.uk
Home visits are available.