Inheritance tax planning provided by Skipton Building Society

Plan for a legacy that lives on  

You’ve worked hard for many years to build your wealth. That’s why it could be important to make plans to protect it. So you have peace of mind your loved ones can make the most of what you intend to leave behind. 

With the right strategy in place, you could help to reduce a potential inheritance tax bill. Planning ahead could be one of the most important things you can do.

Inheritance tax could be due if your estate is worth more than personal threshold. It’s typically charged at a rate of 40% on anything above your personal threshold. 

Radio Times is pleased to be working with Skipton Building Society. They’ve over 30 years’ experience in helping people plan a stronger legacy for the people who matter most to them. And they would like to help you too. 

• Do you know how much your estate is worth?

Inheritance tax was once a tax aimed at only the very wealthy. However, increasing house prices have led to a rise in the number of people who might have an inheritance tax liability. A Skipton financial adviser will review your current financial situation – including the value of your estate. Following on from this, they’ll be able to calculate if – and how much – inheritance tax could be due on your estate. 

• Are you aware of the steps you could take to protect your legacy? 

Inheritance tax can be complicated, which is why speaking to an expert could make all the difference in the choices you make. A Skipton adviser will come up with a plan specific to your needs.

• You don’t need to worry about upfront fees

A Skipton adviser will clearly explain any recommendations they have to address any IHT liability. Charges will only apply if you ask them to implement your plan, and these will be clearly explained before you proceed. You'll have the time you need to decide if you'd like to act on Skiptons advice. 

• Don’t just take our word for it

As of 1 October 2020, Skipton’s advisers have an average rating of 4.8 out of 5 on VouchedFor – the UK’s largest rating service website for financial and legal advisers. 

Please bear in mind some IHT solutions put your capital at risk and you may get back less than you invested. IHT thresholds depend on your individual circumstances  and prevailing legislation, both may change in future. The FCA do not regulate most forms of IHT planning. 

Find out more how you could benefit from inheritance tax planning with Skipton