The Redwood Team all stepped out this week to spend the morning at Eastwell Manor hosted by investment mangers, Foresight, for a lively discussion around the changing approach to inheritance tax planning.
Some of our clients will be familiar with Foresight who offer a range of tax-efficient investment solutions including products which benefit from Business Relief (BR). Once a relatively niche investment solution, BR qualifying investment solutions are becoming increasingly mainstream, especially since the Chancellor of the Exchequer announced pensions will become subject to inheritance tax from April 2027.
The session was designed to relieve some of the estate planning headaches created by Government changes to the inheritance tax landscape, ultimately meaning more families estates are either becoming subject to inheritance tax or seeing the tax bill increase significantly as a result of these changes.
This session was a great refresher of existing knowledge but, attended by a range of local IFA firms, the collaborative discussions involving the attendees, saw us all benefit from shared experiences to learn how we can best assist our clients in an often complex area of financial planning and help put those clients back in control of their personal and estate tax positions.
