Inheritance Planning

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Looking to Pass on your wealth?

Inheritance planning helps make sure you pass on your wealth the way you want to, in a tax-efficient manner.  Schroders Personal Wealth can provide expert recommendations to help reduce the amount of inheritance tax your family or beneficiaries might pay.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

Did you know?

On an estate worth £400,000 the inheritance tax paid would be £30,000.

This is because inheritance tax is paid on the value of the estate over £325,000 so in this example £75,000 using a 40% tax rate. 

Through our partnership with Schroders Personal Wealth, we want to give more of our customers access to financial and investment expertise, to help give you the chance to choose what your financial future looks like.

If you have at least £100,000 in sole annual income, or £100,000 spread across sole or joint savings, investments and personal pensions, they could help you.

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Fees/Charges will apply if you take out a product or service.

Find out more about Inheritance planning


What is inheritance tax?

This is a tax that is paid when an estate is passed on after death.

Inheritance tax is charged on your estate that exceeds your personal allowance, which is currently fixed at £325,000 until April 2021.  Anything above £325,000 is taxed at 40%.

Schroders Personal Wealth can advise on a variety of possible solutions – ranging from the best way to pass on your assets, to how you can distribute your wealth in a tax-efficient way during your lifetime.

What is inheritance tax planning?

This is a service that helps you to protect the assets you have worked hard to build up and plan how to pass this on to your family. 
This service can include reviewing the best way to distribute your wealth or pass on your assets in a tax efficient manner while you’re alive.

How does inheritance tax planning work?

A Schroders Personal Wealth adviser will work closely to understand your circumstances and introduce you to the right specialists in will writing and trust creation to create your plan.

They can also create a tailored financial plan which will allow you to pass on your wealth in a tax-efficient way.

The Financial Conduct Authority (FCA) do not regulate will writing, tax planning and trusts.

Why plan for inheritance tax?

Planning ahead to manage your inheritance tax position can potentially increase the amount your beneficiaries will receive.  The service can:
  • Aim to ensure your family receive the highest benefit from your estate and wealth
  • Look to reduce the tax bill  your family will pay on the wealth they will inherit

Book an appointment

All it takes is a free fifteen minute conversation, to find out if advice is best for you, with no obligation to take things further.

Book now

Or call us on: 0131 376 1815 

Lines are open Monday to Friday, 9am–6pm and Saturday 9am – 1pm, excluding bank holidays. 
Calls may be monitored and/or recorded. Call costs may vary depending on your service provider.

Lee Westcott , Personal Wealth Adviser

“Tell us your aspirations for how you’d like to pass on your wealth – we can help create a plan and introduce you to products and specialists who may be able to help.”

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Lets talk

All it takes is a free fifteen minute conversation, to find out if advice is best for you, with no obligation to take things further.

Book now

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Important legal information

Schroders Personal Wealth is a trading name for Scottish Widows Schroder Personal Wealth Limited.

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

Eligible investments are protected by the Financial Services Compensation scheme (FSCS). We are covered by the Financial Ombudsman Service.