Inheritance Tax Planning

Inheritance Tax Planning Case Study Background Dr L and his wife have an estate worth £2.4million. They are very concerned about the amount of inheritance tax their two children may have to pay on their deaths. Their will transfers all assets to the surviving spouse then children on second death. The maximum Residence Nil Rate Band […]

Business Protection

Business Protection – Case Study Background: Mr H owns a large Nursery, has two children and is married. There are two shareholders; Mr H who owns 85% and his sister who owns the remaining 15%. Currently the way the limited company is structured, Mr H’s shareholding (worth around £1.275million) will be inherited by his wife […]

Trusts

Do you need assistance managing your money so it can be used to help someone after you die or to contribute towards your care in later life? A trust is a great way to do this.

Inheritance Tax

The current allowance whereby no inheritance tax is charged is on the first £325,000 (per person) of someone’s estate – which is the value of their total assets they leave behind when they die.

There are a number of ways in which you can avoid a high inheritance tax…

Business Insurance

It’s important for businesses to insure their company’s property, equipment and fixed assets. However, it is far too common for businesses to overlook the people who drive the business. Many businesses fail to recognise the potential impact the death of a key employee, shareholder, or partner could have on the financial security of the business, not to mention on their surviving family.

Critical Illness Cover

Could you and your family cope financially if you were not become critically ill and could not work? It’s not a nice question to consider, but it’s an important consideration. If you think you and your loved ones would struggle to pay the mortgage or meet the cost of other household bills, you should consider critical illness insurance.

Personal Life Insurance

Life Insurance provides you financial peace of mind insuring you and/or your family are protected in a range of circumstances including ill health, critical illness and death.

Retirement Planning

At Retirement, the advice needed is essential as the options available are wide and varied. Many of which are irreversible once selected, such as signing up to an annuity

Pension Planning

Vance Financial Management offer an extensive range of advice with pension planning depending on when you start your plan.

Long Term Care Investment Advice

Arranging care for yourself or a member of your family can be a complicated process as well as being very emotional. There’s a lot to consider, and the process can feel overwhelming if you don’t have the right assistance to find the best possible care for you or your loved one.