Inheritance tax and estate planning services
Our advisers can help you navigate the UK’s complicated and changing tax regulations, so that those who benefit from an inheritance will only pay the necessary amount of tax.
Safeguarding your wealth for future generations
Ensuring your wealth reaches the people who matter most requires careful estate planning. Without a clear strategy, a significant portion of your assets could be lost to inheritance tax (IHT), reducing the amount your loved ones inherit.
IHT doesn’t just affect those with high-value estates—frozen tax allowances, rising house prices, and the inclusion of pensions in estates from April 2027 mean that more families than ever will be caught in the IHT net.
Taking proactive steps now allows you to manage your estate efficiently, minimise tax burdens, and preserve more of your wealth for future generations.
At Flying Colours, we help you navigate the complexities of IHT with personalised advice that aligns with your long-term financial goals. Our independent inheritance tax advisers simplify tax regulations, making it easier for you to make informed decisions about your estate.
Whether you’re looking to reduce inheritance tax, secure your family’s financial future, or plan for business succession, we develop bespoke strategies to protect your assets and structure your estate in the most effective way.
Using trusts
Trusts can be separate from your estate, so inheritors don’t need to pay Inheritance Tax (IHT) on them. However, they are highly complex and need careful planning.Giving it away
Some forms of gifting are exempt from IHT, and others can be if you survive seven years after making them. Again, this is a complex area that is easy to get wrong.Taking out insurance
You can take out a policy that provides a payout upon your death that may cover the potential IHT bill.Business relief
Certain investments will qualify for this relief, but they are classed as high-risk products by our regulator, so it’s important to take professional advice on this form of investing.Careful pension planning
Currently, most pensions fall outside your estate and are exempt from IHT. However, this needs to be managed alongside your pension planning.Gifting to charity
If you leave 10% or more of your assets to a registered charity, you can potentially reduce IHT payable from 40% to 36%, but this won’t be appropriate for everyone. Why does inheritance tax planning matter?
Inheritance tax could take a large chunk of what you leave behind if you don’t plan ahead. Right now, if your estate is worth more than £325,000, anything above that could be taxed at 40%. While there are extra allowances for passing on a family home, many people still find their loved ones facing avoidable tax bills.
From 6 April 2027, defined contribution pensions will also be subject to inheritance tax, making planning even more important. With the right estate planning, you can reduce how much tax is owed by structuring your assets wisely, using available exemptions, and making tax-efficient investments. Taking action now means more of your wealth goes to the people you care about, just as you intended.
Our inheritance tax and estate planning services
Comprehensive IHT mitigation strategies
Reducing your inheritance tax liability requires a proactive approach. Our advisers employ proven strategies, including trusts, gifting and exemptions, to ensure a tax-efficient wealth transfer.
Tailored estate planning solutions
Your estate is unique, and your planning should reflect that. Our bespoke estate planning service is designed to protect your wealth, balancing your current financial needs with your long-term wealth preservation goals, to ensure financial stability in retirement and beyond.
Tax-efficient investment advice
Investments can play a crucial role in reducing IHT exposure, that’s why we provide guidance on IHT-friendly investments that offer tax advantages while supporting your financial growth, estate planning needs and retirement goals.
Business succession planning
For business owners, structuring your estate efficiently is essential for safeguarding family wealth. Our advisers help you leverage business relief opportunities, ensuring a smooth transition of assets and minimising IHT liabilities.
What makes Flying Colours the right choice for estate planning advice?
Flying Colours takes a personalised approach to inheritance tax planning. Our experienced financial advisers offer clear, practical guidance, making it easier for you to protect your wealth and pass it on efficiently.
We believe estate planning should be simple and strategic. By understanding your unique circumstances, we create tailored solutions that fit seamlessly into your wider financial plan. Whether it’s trusts, gifting, or tax-efficient investments, we help you make informed decisions that minimise tax and secure your legacy.
Book your free initial chat with our inheritance tax specialists
Get expert guidance on inheritance tax planning today. Book a quick call now for a free, no-obligation chat with one of our independent financial advisers.
Book your free initial chat
Ready to start planning for a brighter financial future? Book now for a free, no-obligation chat with one of our independent financial advisers.
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Our long-standing clients explain why they continue to trust us for financial advice, year after year.
