Wealth Management Matters – Savings and Inheritance Tax Planning
05.10.2011

Making provisions for the future is important, both for our own peace of mind and for the benefit of our family – so savings plans and inheritance tax planning should be somewhere near the top of your wealth management agenda. While it may sometimes seem that we earn money only to pay it straight out again, it’s a good idea to look for ways where we can adapt our budget in order to provide a more comfortable outlook for ourselves and our loved ones. Two important ways of doing this are by looking into the different types of savings plans available and also getting inheritance tax planning in place.

Why Savings Plans?

Whether you want to take out savings plans with a specific end goal in mind, or just to know that you’ve got some funds tucked away for an emergency, savings plans are the best way to make this a reality. Savings plans come in many different guises; there are tax-free savings plans, regular or monthly savings plans, or long term savings plans – all of which have different benefits. To find the most effective and appropriate savings plans for your needs, it’s a good idea to talk to an independent financial advisor in the first instance, to ensure you understand the various savings plans options available to you. By setting up the right savings plans now, you’ll be surprised at how quickly the money mounts up.

Inheritance Tax Planning – Why Does it Matter?

If you want to exercise some control over your estate and have a say in how your assets are distributed upon your death, inheritance tax planning is crucial. Inheritance tax planning can be a sensitive subject, after all none of us want to think about our own death. However, inheritance tax planning is vital if you want to ensure that the wealth you’ve amassed during your lifetime can go on to benefit those closest to you.

Good inheritance tax planning can be quite complex, depending on your circumstances and financial state of affairs. For expats living abroad, inheritance tax planning becomes even more complicated with matters such as cross-border estates to consider. To ensure good management of your inheritance tax planning, you should always turn to a financial advisor for guidance through this difficult element of your wealth management strategy. Without inheritance tax planning, you could be leaving your family in a vulnerable position or in a situation where they need to fight for what is rightfully theirs.

Guardian Wealth Management has independent financial advisors all over the world, working together with our UK and expat clients to ensure that they get the most out of their money.

If you would like some help with savings plans or inheritance tax planning advice, feel free to contact our financial advisors at your convenience.