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Estate Planning

Inheritance Tax

One of the greatest taxes of them all, in the UK, is the ‘tax on death’, that is inheritance tax (IHT). This is levelled at 40% of your estate, over your relevant allowances. For many, this is a big chunk of their children’s inheritance, plucked from beneath them and because of how quickly this must be paid, can create issues for the beneficiaries of your estate.

Understanding your allowances, how they can work in your favour and the rules around IHT, mean that in the later years of your life, action can be taken to reduce or even mitigate entirely, this tax.

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Avidan Last

Head of Fusion Financial
+44 (0) 203 841 7010
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“We like to build lasting relationships to ensure we understand where you are and your financial ambitions, to build a life-long plan that provides financial security and peace of mind”

Trusts

This is a very complex area of estate planning in which we have substantial knowledge and experience. Trusts provide the potential to pass assets to your family, while retaining some control over the timing of their eventual receipt of the funds. This can potentially mitigate IHT and provide a multi-generational tool for future succession planning.

Gifts

Gifts are the number one way of mitigating against IHT but the rules on these are complex and people often find that they accidently gift too much or at the wrong time, which can then reincur IHT on the gifts given. The recipient will therefore have to stump up the 40% tax themselves.

It is often thought that gifts should be big lump sums in the last years of life, in a fleeting effort to get funds out of the estate. However, some of the most lucrative ways of gifting are on an annual basis and can actually reduce IHT substantially more over your lifetime, than if it were left until the last minute.

Business Property Relief (BPR)

This was a less common version of IHT relief but with the evolution of products and plans within this space, that provide a much more accessible and smart approach for investors, they have grown in popularity. Understanding these fully is often the difference between success and failure with these plans. Something that we do, with great effect.

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Other Financial Services

1

Pensions. Retire your way.

Tell us your goals for the future and we’ll make sure you have the right pension plan in place. A plan that can flex and develop as your needs change. Whether you want to dip into your pension pot early, reinvest or choose an annuity - we can help you weigh up all the options. Got multiple pensions? We can help consolidate them. Occupational retirement scheme? We’ll help you get the best return.

Savings and Investments. Building your future.

Whatever your stage of life, we’ll make your money work harder. From maximising your tax-free savings with an ISA to revealing attractive tax concessions with Enterprise Investment Schemes, Seed Enterprise Investment Schemes and Venture Capital Trusts. We’ll help you create an investment plan that not only helps you achieve your goals but opens up new opportunities too.
3

Personal protection. Your safety net.

Life is anything but predictable. That’s why it’s important you always have a safety net. From PMI to life cover, critical illness and income protection, we’ll help you put the right protection policies in place, to ensure that you and your loved ones are looked after.
4

Business protection. Protect your key people.

You depend on your key people to operate your business. From PMI to life cover and critical illness protection. Make sure that if the worst does happen, your business is not financially affected, and your employees are looked after.
5

Estate planning. Preserve your wealth.

Get peace of mind and leave your loved ones looked after. We’ll help you get your affairs in order. From Wills, trusts and lasting powers of attorney to Business Property Relief and whole-of-life policies. We can help minimise your tax liabilities and make sure your wealth gets passed on smoothly and tax-efficiently.
6

Borrowing. Get the best solution.

Whether you’re buying a home, a buy to let, or you want to raise cash from your property - we’ll help you find the best solution to achieve your long-term goals.

360° Advisory

When we work together, you achieve more.

Get all the expertise you need – all in one place. Instead of spending your time piecing together siloed advice from a range of advisors, you can put our end-to-end solutions into action and start getting results. Are you ready to reveal new opportunities together? Let’s talk.

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360° Advisory

When we work together, you achieve more.

Get all the expertise you need – all in one place. Instead of spending your time piecing together siloed advice from a range of advisors, you can put our end-to-end solutions into action and start getting results. Are you ready to reveal new opportunities together? Let’s talk.

360° Advisory

When we work together, you achieve more.

Get all the expertise you need – all in one place. Instead of spending your time piecing together siloed advice from a range of advisors, you can put our end-to-end solutions into action and start getting results. Are you ready to reveal new opportunities together? Let’s talk.

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