INHERITANCE TAX SAVING SECRETS REVEALED (UK)

BUDGET 2012  STOP PRESS – Some effect on Inheritance Tax Planning

Discretionary Trusts. One of the most complex corners of IHT, the 10-year charge and exit charge calculations for IHT in discretionary trusts are to be simplified – so they say!!

“This could be good news for trustees and beneficiaries of these trusts, of which there are thousands in the UK,” says Julie Hutchison, head of international technical insight at Standard Life. “HMRC statistics show that 101,000 of these types of trust filed tax returns in 2009/10.”

Inheritance Tax Saving Life insurance policies and specialised annuity contracts will come under increased scrutiny from HMRC as it comes down hard on IHT and income tax avoidance.

Inheritance Tax Secrets will be fully updated as soon as we understand the full implications of the budget.  Anyone buying Inheritance Tax Secrets between now and then cans ask for an updated copy at no extra cost.

HMRC’s website says people who own life insurance policies, capital redemption policies and life annuity contracts would be affected. Insurers and advisers with clients who have such plans will also be affected.

The briefing explains the changes apply where there have been gains earlier in the life of the policy or contract.  The gains were not tax chargeable under the income tax rules. This could happen, for example, because earlier gains were attributable to a person who was not then a UK resident.

HMRC also said the rules for calculating the amount of gains would be amended.

The amendments would redress aspects of the rules which had been “exploited in disclosed avoidance schemes”.

HMRC Budget documents said: “This measure supports the government’s objective to make the tax system fairer by addressing tax avoidance schemes under which individuals seek to reduce or defer the amount of investment profits on which they are liable to income tax.

“The government believes that the measure will have an impact on a small number of individuals who use such avoidance arrangements at present.”

 

Budget 2011 estimated to put 650,000 more families in the Inheritance Tax bracket!

FSA stymie future wealth creation with mortgages for the wealthy only – create a future for your children and grandchildren by planning early

IHT Secrets Revealed -

the SIMPLE way to save IHT and pass on your wealth to your family NOT the Taxman

(remember that the Government will be desperately short of income for at least 10 years to pay for the Banking Crisis – promises of dramatic reductions in IHT are unlikely to be kept!)

UPDATED EDITION of IHT Secrets released 23rd November 2011 with extra information and resources NOW AVAILABLE – order today to to receive the LATEST version (and the 2012/13 edition free)..

(For Wills click here, Community Care Tax here, Probate advice here, Storage & Update here)

Looking for a brief (around 50 pages), practical guide in workbook format, designed to make it easy to avoid Inheritance Tax and keep the money in the family? You are in the right place. Currently on offer for just £14.95 order your copy now, with the promise of your money back if you are not satisfied. If you want a long and learned text book with 300+ pages and tons of jargon – you are in the wrong place!

Just work through the relevant sections (you won’t even need to read the whole 50 pages!) make your notes and plans and then discuss with your professional advisers (or contact us if you don’t have any.)

If one of your parents, or your wife or husband has died, this book may save your family £120,000 plus in needless IHT – or far more. Order your copy now

If you are a High Net Worth Individual (i.e. relatively wealthy), or just a property owner, this brief book will show you how to make sure your wealth really does cascade down the generations, how to structure giving and not to fall into some of the traps. Order your copy now

If you are a professional adviser – accountant, solicitor, financial adviser, will writer, this book will give you enough information to look really good in front of your clients (and you may even want to work with us to help them.) Order your copy now

If you are a business person, this book is an absolute must – a Will written by someone not expert in business Wills could dramatically increase your IHT bill. Order your copy now

If you are a farmer, this book is a great initial guide to IHT, but it does not cover in any detail the special circumstances and opportunities farmers have to save inheritance tax – but we can help. Order your copy now

If it turns out that cutting inheritance tax is not really your priority (and that will happen with some readers) it will point you in the right direction.

 

 

The simple way to save Inheritance Tax and benefit your family not the Chancellor!

Edition 2011/12 (order now for next edition FREE)

- so you think IHT is no longer a problem???!!!

 

by Stephen Pett & the team

New Edition Launch offers:

To readers only: 12 months Free Update Service – details in the latest edition of the book

For a short time only: buyers can ask for Legal Planning Secrets, value £6.95 included free of charge on request (ebook version only)

£30 of money off vouchers available to all buyers

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I think it is an excellent document.  Please can I buy 100 copies for mailing to my clients? Peter Curtis

“I have read your IHT secrets.  In short, brilliant.”

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at the current offer price of just £14.95 – with 100% money back guarantee!

see Index page

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“Is it useful? – yes.  I know that a lot of IFAs don’t get involved in

estate planning, but a lot do.  For those that don’t this should open their

eyes a  bit, for those that do this is a timely reminder and useful document

to keep their thinking up to date. Howard Horne, IFA

You could triple the price on this invaluable book!

Clive Boosey, Search4Homes

“Congratulations this is most comprehensive… I think it’s a great guide I really do!” JACQUI DAVIDSON-SLACK  dipPFS, APFS Assistant Director Brewin Dolphin

“Many thanks for splendid little book”. JP

“You should sell this through bookshops – just as it is, as an easy read and in scribble on format.” JL

“very worthwhile reading, it reminded me of things that I had forgotten and informed me of things I didn’t know, so excellent stuff, and well worth a few quid” Steve, experienced IFA

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The ebook (in PDF format) is currently still just , including £30 of money off vouchers!

(NB you can pay with a credit or debit card, you don’t need a PayPal account)

Or call 0800 298 5208 credit card in hand (office hours only) or send a cheque to Stephen Pett, FREEPOST SEA7243 Hankham Pevensey BN24 5BR – but don’t forget in include your email address so we can email the book to you.

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This is the information on Inheritance Tax that the Taxman doesn’t want too many people to hear about, written in a way that will enable you to work through the tips and plan how to save IHT (Inheritance Tax) and pass on your wealth to your family or other beneficiaries rather than giving it to the Taxman – and it is easy. This is not a textbook for technical experts, it is a practical guide on saving Inheritance Tax (IHT) for the layman The Taxman inherits almost as much family wealth as passes on to the families – just because people don’t bother to take simple planning precautions!

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Frequently asked questions Free Newsletter Asset Protection Testimonials For Financial Advisers

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Legal & Financial Planning Tips Newsletter (or buy the Book at www.LegalPlanning.co.uk)

Members of the subscribe HERE, free.  I won’t give away ALL our secrets but we will give you some useful strategies you can easily use and an insight into some of the other issues we deal with every day.

You can come off the list anytime, just two clicks!, so you have nothing to lose and your could gain tens or even hundreds of thousands of pounds:

 

PRIVACY STATEMENT: Your email address will not be shared with anyone, and you can unsubscribe here or from any email at any time. We will only inform you about matters relating to Inheritance Tax and legal planning.

If you are a financial adviser, please CLICK HERE

 

 

If you have trouble obtaining your copy, CLICK HERE

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If you can’t save your family 100 times the cost of the book in Tax

 

– we will give you your money back – GUARANTEED!

 

even more money back Guarantees

If you are a UK citizen and resident, and you are likely to be worth more than £325,000  now or in the future (including inheritances and life insurance and your home), then  Inheritance Tax (IHT) is assessed on your entire wealth when you die. Good planning can avoid it entirely – as long as you get started long enough in advance.  IHT planning should be part of your general planning from the time you buy your first home.

Read on, and discover how you could make the best investment, ever, which would enable you to give your children or other heirs a very substantial extra inheritance at minimal or no cost…..

Spending £14.95 now could result in your family benefiting from:

 

 

• Tax savings paying your (great, great and great) grandchildren’s University Fees or

• giving them a good deposit on their first home – at the Taxman’s expense

• allowing your dependents the possibility of comfortable retirement – something which is getting much more difficult – courtesy of your wise investment today!

• with occasional updates, your families wealth will cascade down the generations …
  

 

 

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Cut to the chase? I know I need Inheritance Tax Planning (IHT) planning advice – click here

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How Inheritance Tax hits your family: John and Freda had a home worth £300,000, modest life insurance payable to each other of £150,000 each, death in service and pension death benefits of £150,000 from Johns’ job and savings of £30,000. Their youngest (of 3 children) was still living at home: the older children both had done reasonably well, but both have very large mortgages and need a lot of money to get their own kids through University, so could do with as much help as they could themselves, as well as wanting to give as much to their children as possible.  Fortunately, they have written basic Wills leaving everything to each other (without which things might have been far more difficult – the chaos caused by lack of Wills is explained in the book.)     Estate Value: £780,000 They leave everything to each other. John dies in an accident: NO TAX   Freda dies in another accident 6 months later: £52,000 of totally needless Tax has to be paid, effectively by the beneficiaries!!! A little bit of carelessness (like leaving jewellery etc to children on the first death) can make the situation FAR worse.     Buy  the book and make sure your family (not the Taxman) benefit from all your hard work…

So far, pretty much everyone has died, in the end ….

Scientists expect this trend to continue, and I am advised that YOU are not going to be the exception, and that the exact date could be any time from now onwards.  In the vast majority of cases, the Grim Reaper does not make an appointment.  It follows that you should decide who you want to get your hard earned assets, just in case your number comes up early!  There are broadly three classes of people:

1) “I don’t care who inherits my assets or children” (apparently the majority belong to this class!)  You may be one of these without realising it!

 

 

2) “I am happy to let the Taxman be a major beneficiary”.  You probably belong to this class too! Do you like paying Tax? Would you really rather give it to the Taxman than your family or favourite charity?

3) “I want to pass my hard earned money on to family and friends and NOT the Taxman.” My research indicates almost everyone wants to belong to this category, but not even 1% actually do any serious planning….

4) “I have arranged my Will and Finances to ensure my family benefits from my hard work” Congratulations!!!  Now all you have to do is keep it up to date www.WillCustodian.co.uk might be an inexpensive way of keeping tabs on things.

Now is the moment to decide which class you want to belong to – if it is class 4, skip up to the order section or if you still need convincing read on:

 

Like most people, too busy earning money to find time to read a book?

(But still like to do your best for your family – that’s why you are working, after all!)

Option 1 – pay us a fee to do all the work for you! (We have a national team of associates.)

 

 

Option 2 -ORDER the book and just read the “Tax Tips” chapter!

 

Why make the Taxman your biggest beneficiary?

Leave your money to your choice of beneficiaries, with the help of my book.

We are all going to die at some time and most of us forget that the date is not predictable, so we put off planning. Planning has a surprising feel-good factor, and being well prepared must be positive. Not acting is procrastination, pointless putting off of vital matters, and could cost your heirs dear. It is easy to put things off!

Well over 95% leave it until it is too late……

However, if you chose to leave your planning too late, it may even be possible to carry out a tax planning exercise shortly after death.  The book will tell you how, and the exercise could save over £100,000.  Some advisers recommend that you rely on this loophole staying open: we consider this to be reckless and dangerous as the Taxman could close the loophole at  any time.

 

 

Inheritance Tax (IHT) is doing a very effective job of stopping wealth from cascading down the generations.  For families with significant wealth OR lots of children, Gordon Brown can easily get more from your Estate than each individual child or grandchild.

Is this book full of potentially dangerous tax tips? NO: we avoid arguable tax planning like the plague and just use tried and trusted techniques which will not arouse the Taxman’s massive investigative skills!  We do not want our clients estates tied up in legal battles!  There is a place for this sort of planning – amongst the super-rich where a few hundred thousand pounds in legal fees is neither here nor there!  Even they should use the book first, before more exotic, far more expensive and risky strategies.

 

TIP! Learn how to give away millions of pounds every year – TAX FREE!

Most people have worked hard to buy their home and save, paying tax at marginal rates of between 30 and 60% (remember VAT and National Insurance) while they are earning and raising a family, only to have a further 40% taken away by Gordon Brown on death before their children get anything.

 

 

Most people would prefer to pass as much as possible on to children, grandchildren, charities etc.  Pretty much anyone other than Gordon Brown (or any other Chancellor of whatever political persuasion!)

 

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TIP! Learn how to avoid the 40% tax on life insurance benefits

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HOW CAN I HELP YOU?

Unsurprisingly, IHT Planning is a very specialist area, which may involve coordinating the efforts of a team of experts over many years for the seriously wealthy. I have drawn together a band of experts to put together a book to talk you though many of the options available to you, so you can understand the background issues, and probably dismiss many of the options in advance as being inappropriate for you.

 

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TIP! Don’t be forced to sell your home if you husband/ wife dies

 

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FIVE MONEY BACK GUARANTEES

1) If you find an Inheritance Tax tip I have missed, send it to me and I will refund your full purchase price

 

 

2) If you don’t find my book useful for any reason, just tell me why and I will refund your full purchase price (less Pay Pal costs if you order that way)

3) If you don’t understand my book, tell me which parts you can’t follow and I will refund your money AND try to re-write the section to make it clearer for you.

4) If you can’t save 100 times the cost of the book in Tax – I will give you your money back – GUARANTEED!

5) The book includes several MONEY BACK vouchers which can be redeemed against relevant services such as Will Writing, Tax Advice, Financial Advice, Pre Need Funeral plans, Will storage and Review Services, or my forthcoming books on Asset Protection and Legal & Financial Planning.

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TIP! Which investments qualify for 100% IHT relief?

 

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– the e-Book for just £14.95- remember, if my book can’t save 100 times that in IHT, I will refund your money in full!

 

 

If you just want the Tips, and not the background information, just read the Tips section – it will repay your investments hundreds of times over!

 

Order, RISK FREE! CLICK HERE

Thanks for your interest,

Stephen Pett

PS If you know you should buy this book but can’t afford it (it is quite possible to be asset rich and cash poor), why not ask your children or grandchildren to pay (they will be the ones to benefit, after all!) Even your financial adviser might be persuaded to get it for you! (They can get a discount on bulk orders)

ORDER this book

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INHERITANCE TAX SECRETS order form

(for printable order form click here)

Which Money Back Vouchers would you like with your ebook?  Each will entitle you to a REFUND of £10 of the purchase price of the book from one of our participating suppliers when you use their services:

• Will Writing (full voucher value only normal, Family Bank or Asset Protection Wills) ‹
• Pre-paid Funeral Plans
• IHT Review (normally carried out in association with your Financial Adviser)
• Peace of Mind Service: voucher for secure storage and more though Will Custodian Ltd
  

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New content is added regularly

If you are a financial adviser, please CLICK HERE

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