Intergenerational planning | Clear Solutions

Intergenerational planning

Many of our clients are keen to ensure the smooth transfer of wealth to the next generation, although there are some where the support of favourite charities is their priority.

If you are planning to pass on money to the next generation, then we generally suggest that planning starts around the time of retirement. This allows time to use the different benefits of gifting or putting plans in place to remove assets from your taxable estate. Inheritance Tax has, after all, been called a voluntary tax! This may not be completely true, but your liability can certainly be reduced with good planning.

Inheritance Tax

Inheritance Tax is a very complex area of financial planning; giving away too much could put your money at risk and poor estate planning could lead to a hefty tax burden for your loved ones. Rising property prices have seen many families suddenly finding themselves within the Inheritance Tax bracket. Inheritance Tax is no longer confined to the very rich; it affects each and every one of us earning a decent wage.

At Clear Solutions, we specialise in Inheritance Tax planning, providing professional advice to help you pay less tax on your estate. We will look at ways for you to transfer your assets to reduce the financial impact for you and your family. Effective estate planning is about getting the right balance between giving you access to your money when you need it and saving tax.

It is crucial to find out now whether you are likely to have an Inheritance Tax liability in the future. Usually, the more tax-efficient a solution is, the less access you will have to your assets. We can help you choose the right structures and trusts, designed to protect your assets and give your family lasting benefits. Make sure that your money, assets and property are passed onto your loved ones as efficiently as possible.

Is your current investment strategy reaping the right level of returns? Are you interested in diversifying your portfolio?

For an investments review, please get in touch today.

Will your private or final salary pensions give you the income you really need? Worried about whether you’ll be facing a comfortable retirement? Book a pension review today. We will meet you at your home at a mutually convenient time to look through your pension options (Birmingham, Derby, Derbyshire, Burton on Trent, Staffordshire area, London).

Trust us… we’re experts

Our Advisers hold Chartered and Certified qualifications, ranking amongst the highest in the profession. Our highly qualified team of experts are above the FCA minimum standard for advisers. In 2008, we were the first joint practice to be awarded the new British Standards ISO 22222 International Financial Planning Standard by the Chartered Insurance Institute.

Our Managing Director was asked to be an assessor of the new standard helping to disseminate ‘best practice’. This measures the ability to deliver a consistent holistic financial planning service to an extremely high technical standard.

In 2013, we became the only firm to be awarded the BS85777 accreditation by the Chartered Insurance Institute. When the Chartered Insurance InstituteI relinquished their UK licence to maintain the above awards, Clear Solutions withdrew from the accreditation and no longer hold either accreditation.

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Clear Solutions Wealth and Tax Management Ltd are registered with the Financial Conduct Authority.
Registration Number 429206
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Contact 01283 730080
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