Inheritance tax changes: what they mean for your pension
Many clients have inquired about the recent Budget announcements and how the changes to pensions will impact inheritance tax (IHT).
We all pay tax, but it’s important to make sure you’re paying the right amount and in the most efficient way.
Personal tax is all the money you pay in tax as an individual. This includes income tax, capital gains tax, inheritance tax and so on. We all have to pay it, though the trick is to pay exactly what you owe and not a penny more.
Whether you want to look after your children, sell some assets, or just can’t make sense of a self-assessment form, talk to Tees. We’ll deal with any tax issue quickly, efficiently and on time.
We’ll take the pressure off you. At Tees, we know the tax system can feel like a headache – but it doesn’t have to be. Whether you’re self-employed, own a business, are an executor or a trustee of a trust, we’ll help you manage every step of the process. We can:
You can rely on Tees to provide accurate, clear-headed and plain-speaking advice. With our insight and understanding at your side, we’ll help you resolve any tax issues.
We keep it simple. Planning for the future is straightforward at Tees, because we work with you at every step. We’ll explain your options, and how your decisions might effect you and your dependents, in plain English. We make sure you’re completely informed at every stage, so you fully understand your situation. We also explain the benefits, and any potential risk to you – so we can help you plan to avoid them.
Tees Law boasts a team of solicitors with deep expertise in various legal fields. This multi-disciplinary approach allows the firm to provide comprehensive solutions tailored to client needs.
We’ll make the most of tax planning opportunities. Our advice is tailored to you, and geared towards keeping your bill down. This way you can keep more of what you earn, and pay only what you need to. We specialise in:
More than that, we’ll help you plan your tax so that you pay no more than you need to. For example, we could reduce your liability via pension contributions, efficient investments and charitable donations.
We’ll explore every option, and come up with a strategy that’s bespoke to you. It could save more than you might imagine!
We have a lot of experience in dealing with tax issues of all sorts. For example, we manage hundreds of trusts, which are often an important element in a tax plan. What’s more, we offer an umbrella approach to tax planning, which simply means we can deal with practically every aspect. So the sort of services you’ll find under our roof include:
Tees is a top-tier Legal 500 firm. Our teams are experienced in all aspects of law, so you can be assured of a comprehensive and joined-up service.
We have offices across Cambridgeshire, Essex and Hertfordshire, but we can help you wherever you are in England and Wales.
The financial services provided on this page are by Tees Financial Limited, authorised and regulated by the Financial Conduct Authority. Registered number 211314.
Our legal services are regulated by the Solicitors Regulation Authority.
Many clients have inquired about the recent Budget announcements and how the changes to pensions will impact inheritance tax (IHT).
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We’re here to help you plan with confidence and peace of mind.
