Gifting as part of your estate planning
Your legacy is our priority.
Introduction
Need a bespoke financial plan crafted specifically for your unique requirements?
Book a DemoShould you have concerns regarding the impact of Inheritance Tax (IHT) on your estate and the subsequent ability to transfer wealth to your cherished beneficiaries and causes, incorporating a Gift Plan into your wealth management approach could be a prudent measure.
Utilising gifting as a method for establishing an investment fund for your chosen beneficiaries can offer tax efficiency while potentially reducing the value of your estate, and therefore any resulting IHT liability. Our Gift Plan is available on absolute basis or discretionary basis. It is used in conjunction with an investment bond, available both onshore and offshore. This arrangement is designed to advantage the individuals or entities of your choosing. Where a discretionary trust is used, this provides you with control and flexibility.
Will it help me?
Consider whether you have identified the individuals or entities you wish to inherit your wealth, either during your lifetime or posthumously. Should this be the case, our Gift Plan may facilitate the direction of your assets to your desired recipients.
Funds held within a discretionary trust do not contribute to the estate valuation of the beneficiary as long as they remain in the Trust.
This strategy can be employed for various objectives, including optimising IHT exemptions or covering educational expenses.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.
Trusts are not regulated by the Financial Conduct Authority.
Subject to eligibility and HMRC ratification.
Please note that this is not a recommendation. If this is of interest, please take advice to see whether it would be suitable for you.
