Inheritance tax planning

On death, assets in your estate, such as any remainder of the lump sum you were awarded, are potentially subject to inheritance tax (IHT). Ideally you want this cash asset outside of your estate, so free of IHT, yet still available to use during your lifetime.

We have schemes where you can put the money out of your estate and still enjoy the benefit of it whilst alive, thus exempting it from IHT.