Tax Planning and Inheritance Tax Planning


Our independent financial advisors in Staffordshire offer impartial advice on tax planning and inheritance tax planning. Wealth Design, where we take a fresh approach to designing workable and worthwhile solutions for your wealth.​


They say there are only two certainties in life: death and taxes. And tax is a very important aspect of life, as collectively it's a means of keeping the country ticking over. But have you ever stopped to consider that you might be paying too much tax - in other words, with some careful planning you could actually have more of your hard-earned money at your disposal?

There are many legitimate opportunities that may enable you to keep your tax bill to a minimum, but it's tricky keeping pace with all the complex rules and regulations, and we may be fearful of paying too little. It's particularly complicated if you run your own business or have multiple income streams, in which case professional advice becomes even more advisable.

Tax breaks may be wasted by not being fully aware of potential savings, in areas such as ISAs, retirement planning and capital gains tax. Why not found out more?

Tax planning is therefore always an important factor in every aspect of the financial advice we offer you. With personal tax possible at rates as high as 60% in the UK, it is crucial to aim for the greatest efficiencies throughout all our efforts on clients' behalf.

Inheritance Tax can be a particularly unpalatable extra burden to your loved ones when you've paid tax on your earnings all your life. When you die, your estate could be subject to inheritance tax if it's worth more than the allowable threshold, which is currently £325,000 per person. Married couples and civil partners therefore have a joint threshold of £650,000, and there will be an additional family home allowance starting at £100,000 per person phased in from April 2017. Generally speaking, IHT is payable at 40% on anything over and above the threshold. The independent financial advisors at Wealth Design are skilled in helping clients understand the pitfalls and their potential liability.

There are many legitimate ways of reducing your taxable estate, but they may take seven years to take full effect so it's vital to think ahead and seek professional advice. An advisor can help you consider the important questions and will guide you through the complexities of lifetime gifts, trusts, charitable giving and other forms of planning.

Inheritance Tax is a complex area with rules around gifts and the utilisation of assets, but we can help you navigate through the regulations to a clearer understanding of what you can and cannot do to mitigate your liability. Handled well, this gives you the peace of mind that your loved ones will not be faced with unexpected penalties on your estate.



For honest and reliable inheritance tax advice from an independent financial advisor, contact Wealth Design on 01543 571238 or email info@wealthdesign.co.uk. Wealth Design is based in Cannock, Staffordshire, and extends its services throughout the UK.