Inheritance Tax Planning in Cambridge

Those of us who achieve any degree of success will have paid our fair share of tax during our lifetime, so a tax on our estate when we die can add insult to injury.


Inheritance Tax Planning Advice Cambridge

Originally known as ‘Death Duty’ in 1894, Inheritance Tax is a tax paid on one’s estate when we die but is sometimes payable on trusts, or gifts made during our lifetime.

Inheritance tax is 40 per cent of the value of one’s estate over the threshold, individually £325,000 or up to £650,000 for a married couple (including civil partnership) 2019-20, or 36 per cent if the estate qualifies for a reduced rate as a result of a charitable donation.(/p>

The introduction of the Residence Allowance in April 2017, which will stand at an additional £175,000 per person at 6th April 2020, means that for a couple (including civil partners) they will be able to leave a total of £1million including their main residence, free from Inheritance Tax.

However, the rules are complicated and advice should be obtained. There are a number of exemptions and financial planning methods that can legitimately reduce or even mitigate entirely your beneficiaries inheritance tax liability, saving literally thousands or hundreds of thousands of pounds.

HMRC has seen a huge growth in tax receipts from this source, reaching over £5.2billion in 2017-18. It's no longer the very rich who are affected either. With property values as they are today, it's easy to end up suffering Inheritance Tax and that means less money for your beneficiaries if you do nothing about it.

Ask us a question

What people say about us:

I have always been very satisfied with the advice and service I receive from them.

- Jennifer Hoyos

My adviser Chris Galpin is very good at explaining how our investments and pensions work, and he is always available should we need advice.

- Annie Roberts

We used the services of the Chris Galpin and I cannot rate his helpfulness, knowledge or patience highly enough. He very efficiently soughted out the best mortgage for us and then got on with the application process with the minimal amount of fuss. Nothing was too much trouble and I will be using him in the future.

- Fiona Gilbert

All our dealings to date have been excellent, they have listened to our requirements made suitable suggestions and implemented them in a friendly and professional manner.

- Michael Dearman

I have had honest advice and when my husband died they did all the necessary paper work for me very swiftlly and did not charge. A friendly professional firm who quickly understand your needs – no hard sell – your protection paramount.

- Patricia Revel

I get a good personal service from an experienced and thoughtful person whom I have known for 30+ years, and trust. That’s very valuable to me even when we don’t entirely agree on priorities! He also advises me on things I need to get around to doing, and I usually follow his advice.

- Penny Henderson

I have been with Dartington since before they were Dartington, and the level of service has continued at the same high standard.

- Adrian Moxon

They were recommended to me and I have already recommended them to others. They are good at explaining things in a way I understand.

- Sheila Thomas

Never had any problems. Friendly consultancies.

- Roger Stratford

I trust my adviser.

- Jon Daly

The financial adviser I have dealings with has been excellent over the years.

- Janet Huskinson

My experience has been very good, especially the personal help from Philip Bowden-Pickstock.

- Christine Jolly

I was very happy with the service that Dartington provided with respect to our new mortgage and I have already recommended them to a friend.

- Dr Michael Gifford

Our Address

Dartington Wealth Management Ltd.
5b Clifton Court,
Cambridge CB1 7BN

Tel: 01223 211 122

Our Newsletter

Subscribe to our newsletter to get the latest scoop right to your inbox