Inheritance Tax (otherwise known as IHT) is a tax often payable on our world-wide assets (otherwise known as our Estate) when we die. The Estate is made up of all your global assets including Property, Savings, Investments, plus other things.
Our eventual retirement is something we should all look forward to and enjoy. Few people are fortunate enough not to have make provisions in this area. However, in reality the vast majority of us have to plan for that long awaited day, well in advance.
There are people who like to save money short term and others who like to invest over the medium to longer term. There are those who prefer not to take any risks with their money and others who are prepared to speculate with their capital.
Many people have a mortgage at some point during their lives, but how many of us consider whether or not the mortgage which we may have held for many years is still appropriate for our circumstances and the most cost effective.
Although we are not qualified tax advisers ourselves, in the same way as an accountant, we are happy to give basic guidance as to how you could take a few simple steps to improve the tax position of your day to day affairs.