Commercial Property fund launch case study 

Spotting planning opportunities

Saving Inheritance Tax

In the course of an annual tax planning meeting, we identified a client’s potential inheritance tax exposure on his pension funds (this was prior to recent pension changes). After liaison with his financial adviser and solicitor, we put in place a spousal bypass trust. Potential IHT saving - £400K.

Having put IHT on the agenda, we went on to look at the potential for lifetime gifts. A review of annual income and expenditure showed that there was scope for gifts out of excess income, and a plan for regular gifts to the next generation was put in place. IHT saving over the next 20 years – approx £96K.

Our client also wished to provide for his young grandchildren, but was worried about protecting the funds. A trust was put in place to receive funds over the next 20 years – IHT saving - approx £500K.

Job done!

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