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.

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.

Contact our expert directly or alternatively complete your details below to contact the team.

Nick Straker 3

Nick Straker

Newcastle

"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"

*Required fields

*Required fields

Our Inheritance Tax Planning Products

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

read more

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

read more

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

read more

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

read more

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

read more

Have you thought about...

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

read more

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

read more

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

read more

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

read more

Our People

We provide our clients with more than just insurance solutions.

Our experienced staff understand your needs.

Previous Next
Nick Straker 3

Nick Straker

Director

Clayton Kopko 3

Clayton Kopko

Systems Manager

Chris Booth 3

Christopher Booth

Independent Financial Adviser

Louise Fairlamb 3

Louise Fairlamb

Para Planner

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.

Emily Young joins Lycetts Financial Services

June 23, 2017

Northumberland-based Emily Young is taking up a new appointment with Lycetts Financial Services, joining our Newcastle office as a financial advisor and will specialise in life and protection insurance.

read more

Lycetts at The Festival of Hunting 2017

June 14, 2017

Lycetts is the headline sponsor for the 2017 Festival of Hunting for the second year running as part of our ongoing partnership with the East of England Agricultural Society who organise this prestigious event in the hunting calendar.

read more

LYCETTS LOCATIONS

Our Offices

  • Newcastle

  • Edinburgh

  • Exeter

  • London

  • Marlborough

  • Newmarket

  • Norfolk

  • Oxford

  • Shropshire

  • Surrey

  • Sussex

  • Yorkshire