Top 3 ways to cut your inheritance tax
17 August 2018
Tim Fullerlove has been featured in Moneywise commenting on 3 ways to cut inheritance tax bills.
Tim comments: " Trusts are a complex topic, but there are a variety of structures that allow you to give money away, achieving the tax savings of a gift, without giving the children or other recipients control over it. You, or other chosen trustees, can hold the money on behalf of the recipients and use the funds to support them until you feel they are financially mature enough to have the funds themselves. If you give more than £325,000, on current values, to a trust you will trigger an immediate tax charge – but gifts up to this threshold will, again, be free from IHT if you survive for seven years."
To read the article in full click here.