Lycetts Financial Services

We Know Inheritance Tax Planning

Lycetts inheritance tax planning services help clients understand their inheritance tax liabilities and advises on the best solutions for asset protection and provision, via efficient estate transfers, trusts and exemptions.

A hotly debated topic in recent years, inheritance tax is currently payable at 40 per cent on taxable assets in excess of £325,000, although this will be increasing from April 2017 to 2020 up to £500,000 for those including principal private residence.

 

At Lycetts, we know that each estate is different, as are the values and intentions of each individual. This means that the scope, scale and timescales associated with the transfer of assets vary greatly and that each client’s position must be thoroughly assessed before agreeing a plan for minimising and insuring inheritance tax liabilities. The first step in this process is to establish the facts surrounding an estate by detailing current assets and calculating liabilities, while considering the role wills and trusts might play and assessing eligibility for exemptions.

 

Lycetts provides clients with an assessment of their current liability and provides independent expert advice on the provision and prevention of inheritance tax, where appropriate. Our independent financial advisors (IFAs) help in a variety of ways, for example: protecting an estate from liability, developing trusts as a vehicle for assets, assessing potentially exempt transfers (PETs) and chargeable lifetime transfers, investing in and retaining income from exempt schemes and assets, and leveraging business and agricultural property relief.

 

Once a strategy is in place, we keep all our clients aware of potentially significant changes in legislation and regulation and keep all plans under constant review to ensure they are meeting a clients requirements.

 

Contact us to begin discussing your inheritance tax planning options today.

"The relative merits of asset protection or provision can only be decided once we have clear and detailed view of a client's estate and how they would like it to be distributed. Our expertise lies in helping clients to understand their liabilities and then avoid significant tax bills by choosing the best and most appropriate vehicles for distribution"

Nick Straker 3

Nick Straker

Newcastle

Our Inheritance Tax Planning Products

Lycetts helps clients to protect their families against the financial pressures caused by...

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Lycetts advisers use detailed knowledge of inheritance tax relief and exemptions to help...

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Lycetts advises clients who want to distribute assets as gifts as part of their...

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It is not always appropriate to gift assets either directly to a beneficiary or into a Trust.

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With the right advice and application, trusts can help reduce inheritance tax liabilities...

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Have you thought about...

Here at Lycetts, we can help clients protect dependants against financial losses in the...

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Lycetts experts arrange bespoke critical illness cover to protect dependents in the...

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Lycetts personal protection experts guide you through the best available income...

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Lycetts Private Client insurance division is founded on unrivalled personal service and...

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Our People

We provide our clients with more than just insurance solutions.

Our experienced staff understand your needs.

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Simon Landale 3

Simon Landale

Director

Clayton Kopko 3

Clayton Kopko

Systems Manager

Allison Spragg 3

Allison Spragg

Para Planner

Linda Wheatley 3

Linda Wheatley

Independent Financial Adviser

Ros Beddie 3

Ros Beddie

Pension Administrator

Lycetts Insights

Lycetts Insights provides updates on topical issues and key events.

Read more about developments both in insurance and at Lycetts.

Responsibility and timing: how the new Insurance Act affects land agents

April 11, 2017

Land agents should be aware of their responsibility for providing complete information for the insurer. The detail now required also means it may take longer to turn around quotes.

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March 2017 Budget

March 29, 2017

Detailed below are the main talking points from a financial planning perspective and Lycetts commentary where appropriate:

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LYCETTS LOCATIONS

Our Offices

  • Newcastle

  • Edinburgh

  • Exeter

  • London

  • Marlborough

  • Newmarket

  • Norfolk

  • Oxford

  • Shropshire

  • Surrey

  • Sussex

  • Yorkshire

Get in touch

We’ve offices located all across the United Kingdom

And we’re always available for you by telephone or email whenever and wherever you need us.

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