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Managing inherited wealth

Receiving an inheritance can bring a mix of emotions, especially as your client adapts to life without their loved one. Inheritance advice helps clients to make the most of the legacy they've been given - simplifying the process with expertise and understanding and protecting their inheritance.

Making an inheritance work for your client

When your client is deciding how to manage their inherited wealth, professional guidance can make all the difference. They'll receive clarity on their next steps, understand the impact of their newfound wealth, and see their options to grow and protect their inheritance from unnecessary taxation or inflation. 

A dedicated Wealth Planner will start by providing them with a comprehensive wealth strategy. This involves a thorough review of their circumstances, where we build a cash flow model to show how we can manage their inheritance to the best effect. Making sure their loved one’s gift fulfils its potential, without creating extra pressure for them.

How we can help

Our experts examine your client's finances and help them plan for the future, so they can make the most of their inheritance.

Wealth planning

We can help your clients feel more confident in their future, as our experts bring clarity to their finances.

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Investment management

Ensure your client's money is working as hard as it can with our investment management service.

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Ready to talk?

If you’d like to have an informal, no obligation conversation or have questions, please get in touch.

If you prefer you can call us on +44 20 7523 4500.

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Common questions on passing on your wealth

Inherited wealth may be subject to inheritance tax (IHT) if the estate is worth more than the £325,000 threshold. The standard IHT rate is 40%, which is applied to anything over that threshold, although there are a few different exemptions and reliefs that can reduce that liability. For instance, transfers to a spouse or civil partner are typically exempt from IHT.

Your Wealth Planner can help you review the estate’s value and put the right inheritance financial planning in place to make sure you don’t pay more IHT than you need to on an estate. Or, if you want a quick answer, we have an IHT calculator that can provide you with a rough estimate of the amount of IHT you might pay on an estate.

Normally, IHT is due within six months of the end of the month in which the person passed away. If it’s not paid on time, HMRC may charge interest. Planning ahead with inheritance advice can help reduce the tax burden on you. 

Inherited investments themselves aren’t subject to tax immediately, but any income or capital gains they make after inheritance may be taxable. For example, dividends or interest from inherited stocks are taxable as income. Plus, if you sell inherited assets, you may be liable for Capital Gains Tax (CGT) if their value has increased since you inherited them.

Important information

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The tax treatment of all investments depends upon individual circumstances and the levels and basis of taxation may change in the future. Investors should discuss their financial arrangements with their own tax adviser before investing.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity.