Wills
By drawing up a will, you can ensure that your wealth is distributed according to your wishes and create the foundation for your inheritance tax reduction strategy.
Benjamin Franklin once said that “nothing is certain but death and taxes”, and thanks to inheritance tax, they’re not only certain – they’re intrinsically linked.
Inheritance tax is currently charged at 40%, and is payable on your estate once your net assets exceed £300,000 (£600,000 for a couple who are married or in a civil partnership). Once the domain of the super-rich, wide scale home ownership and rising property values have meant that more and more people being subjected to inheritance tax every year.
To be exempt from inheritance tax, assets must be given away under either of the following:
However, there are other ways that you can alleviate the burden of inheritance tax when passing on your wealth to your children and grandchildren. Barclays Wealth can help you employ a variety of tools to help you significantly reduce or eliminate inheritance tax, including:
AIM and OFEX shares can offer you an attractive inheritance tax shelter, as well as a means of reducing capital gains tax.
To learn more about how Barclays Wealth could help you, please complete our online form and we’ll contact you as soon as possible.
The products and services described on this page are provided by the following company, which is part of Barclays Wealth: Barclays Bank PLC in England & Wales. For further information on these companies and Barclays Wealth please read the Important Information.
Products and services on this site may not be available in certain jurisdictions. In particular, these products and services are not being offered in Japan or the United States or to US residents. For full details of exclusions and disclaimers please see the Important Information before proceeding. Each Barclays Wealth company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.
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Products and services on this site may not be available in certain jurisdictions. In particular, these products and services are not being offered in Japan or the United States or to US residents. For full details of exclusions and disclaimers please see the Important Information before proceeding.
*Subject to system’s availability