How we can help you

You want to make the most of your money. We can help.

We specialise in helping clients tackle issues and make the most of opportunities to protect and grow their wealth. We can help you create financial plans and investment portfolios that meet your personal and professional ambitions and aspirations.

Managing inheritance tax

The number of people exceeding the inheritance tax (IHT) threshold is expected to double by 2019/20 from 2014 levels and the rules are ever changing.

Partly because a greater number of people are being caught in the IHT net, from April 2017 the government is introducing a new, additional tax-free allowance on your main home provided you leave it to your children or grandchildren. This “family home allowance” while generally positive, will create an additional level of confusion and complexity, as the threshold will change each year until 2020. But the good news is that couples (or registered civil partners) leaving main residences to children or grandchildren could potentially only leave an IHT bill on estates of over £1m after April 2020.

A number of estate planning solutions can help you to manage your IHT liability. We can work with you to identify the strategy that is best for you:

  • Gifts, if given carefully, can reduce your IHT liability. For example, individuals have a £3,000 annual gift allowance, which can be used to help mitigate any tax payable.
  • If you give a proportion of your wealth to charity through your will, IHT may be reduced to 36% if this accounts for 10% or more of your estate.
  • There are a number of investment schemes available that could dramatically improve your IHT exemptions. But these options can be risky and good advice is essential.
  • The 55% pensions "death tax" has gone and in some circumstances pension benefits can be paid out tax-free. But this remains a complex area and it is essential to seek professional guidance.
  • Life insurance is another good way of paying for any IHT due on your estate, making it easier for your surviving family to settle any tax bill.
  • Trusts could be an important part of your overall plan but note that legislation is ever changing in this area. And well-constructed wills remain a crucial tool, not only to ensure your assets are passed on in line with your wishes, but also to help manage tax. We can work closely with your other advisers (such as solicitors and your tax adviser) to ensure your plan covers all the options and opportunities.

Please note that this page was prepared as a general guide only and does not constitute tax or legal advice. While we believe it to be correct at the time of writing, Brewin Dolphin is not a tax adviser and tax law is subject to frequent change. Tax treatment depends on your individual circumstances; therefore you should not rely on this information without seeking professional advice from a qualified tax adviser.

The information contained on this page is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness.

Daily Telegraph ‘Number of Britons paying inheritance tax to almost double by 2020’ article – 19 March 2015

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The value of investments and any income from them can fall and you may get back less than you invested.

How can we help?

020 3201 3900

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Graeme Bowden

07880 087347

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Stephen Cartwright

02890 446004

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Paul Cox

07768 164067

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Andy Wheeler

07771 724625

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Jason Williams

07766 725268

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Ross Slater

07920 590425

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James Gadd

07833 048452

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Jason Williams

07766 725268

jason.williams@brewin.co.uk

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+353 (0)1 260 0083

Suzanne Cashin

00353 1 2682837

Suzanne.Cashin@TilmanBrewin.ie

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01382 317 200

Graeme Bowden

07880 087347

graeme.bowden@brewin.co.uk

020 3201 3363

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01473 267200

Ross Slater

07920 590425

ross.slater@brewin.co.uk

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0131 225 2566

Graeme Bowden

07880 087347

graeme.bowden@brewin.co.uk

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01392 440 450

Philip Thitchener

07920 190683

philip.thitchener@brewin.co.uk

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0141 221 7733

Maxine Anderson

07901 977929

maxine.anderson@brewin.co.uk

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01534 703 000

Antony Champion

07557 480075

antony.champion@brewin.co.uk

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0113 245 9341

Owen Woolfitt

07920 801390

owen.woolfitt@brewin.co.uk

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0116 242 0700

Paul Jackson

07500 797776

paul.jackson@brewin.co.uk

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01522 503 000

Paul Jackson

07500 797776

paul.jackson@brewin.co.uk

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020 3201 3900

London Sales Support

0203 201 3363

londonsalessupport@brewin.co.uk

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0161 839 4222

David Ryan

07795 665861

david.ryan@brewin.co.uk

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01672 519 600

Susan Hazelwood

07920 496265

susan.hazelwood@brewin.co.uk

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0191 279 7300

Lucie Gordon

0191 279 7325

lucie.gordon@brewin.co.uk

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0115 852 5580

Paul Jackson

07500 797776

paul.jackson@brewin.co.uk

020 3201 3363

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01865 255 750

Susan Hazelwood

07920 496265

susan.hazelwood@brewin.co.uk

020 3201 3363

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01768 861 710

Lucie Gordon

07467 339228

lucie.gordon@brewin.co.uk

020 3201 3363

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01752 334 650

Philip Thitchener

07920 190683

philip.thitchener@brewin.co.uk

020 3201 3363

020 3201 3483

01752 334 650

Philip Thitchener

07920 190683

philip.thitchener@brewin.co.uk

020 3201 3363

020 3201 3483

01737 223 722

Andy Wheeler

07771 724625

A.Wheeler@brewin.co.uk

020 3201 3363

020 3201 3483

01743 399 000

Brian Boyd

07825 732007

brian.boyd@brewin.co.uk

020 3201 3363

020 3201 3483

020 3201 3363

020 3201 3483

020 3201 3363

020 3201 3483

The value of investments and any income from them can fall and you may get back less than you invested.