Hugh Lambert No Comments


โœ… ๐๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ ๐๐ž๐ง๐ฌ๐ข๐จ๐ง ๐‚๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง
There should be a company pension scheme in place.

This will allow you to make an employee contribution or an additional voluntary contribution to your pension scheme and claim tax relief, and income tax relief on the money that you’re contributing.

โœ… ๐„๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ & ๐ˆ๐ง๐œ๐ž๐ง๐ญ๐ข๐ฏ๐ž ๐’๐œ๐ก๐ž๐ฆ๐ž
This is done on a personal basis, separate from your company.

You can invest in a basket of companies on a 4-7 year timeline and typically your investment serves as a type of funding for companies who are scaling their business.

โœ…ย ๐‚๐ก๐ข๐ฅ๐๐ซ๐ž๐ง & ๐ƒ๐ž๐ฉ๐ž๐ง๐๐ž๐ง๐ญ๐ฌ
If you take a simple equation by adding the value of your home or property, your pensions and your savings and take that as ๐— ๐ข๐ง ๐ญ๐ก๐ž ๐ž๐ช๐ฎ๐š๐ญ๐ข๐จ๐ง.

Then if you take the number of children you have and multiply that by 335,000 and that’s ๐˜ ๐ข๐ง ๐ญ๐ก๐ž ๐ž๐ช๐ฎ๐š๐ญ๐ข๐จ๐ง. – If X is greater than Y then your children and dependents will be liable for inheritance tax.

๐Ÿ’ก From a tax planning point of view there areย #insuranceย policies that will cover inheritance tax.

โœ… ๐’๐ฆ๐š๐ฅ๐ฅ ๐†๐ข๐Ÿ๐ญ ๐€๐ฅ๐ฅ๐จ๐ฐ๐š๐ง๐œ๐ž
You can gift anybody โ‚ฌ3,000 a year tax-free – This will be tax-efficient inheritance.

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