We are often asked for help with Inheritance Tax and Family Estate Planning and are therefore working with LFP Consultants Ltd. a leading firm which specialises in these areas.

The value of an investment with St James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

Trusts are not regulated by the Financial Conduct Authority.


About Us

LFP Consultants Ltd. offer financial services which meet the needs of our community improving their experiences and outcomes.

At LFP we specialise in protecting your assets – whether this is your home and assets you have grown or business you have built and we ensure what you leave behind will be passed on to those you love.  Is future-proofing your wealth a concern, and is it important to you that what you leave behind is inherited through your family bloodline? Or are you worried about saving for future care home fees? LFP can help you and your family make the best choices providing specialist advice and support throughout your life and after your death.

At LFP we specialise in providing high-quality advice, working with you and your family to help you achieve your financial goals both now and during your lifetime.

Older people enjoying walk on beach

Inheritance Tax Planning and Protecting Assets with LFP.

  • Gifts and Exemptions

    “I have an estate above the nil rate band (£325k) and I want to understand the gift allowances available”

    • Gifts can be made between partners / spouses during lifetime or on death.
    • Gifts of up to £3,000 can be made each Tax year.
    • Additionally, an unlimited number of smaller gifts worth £250 or less can also be made.
    • Gifts can be made by an individual from their income.
    • Gifts can be made to recognised UK Charities.

    Contact us to find out how you can use these exemptions in relation to your estate.

     

    The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

  • Trusts

    “I don’t know how trusts work and how these will help me save IHT plus protect family wealth”

    • Trusts can be created during your lifetime or upon death
    • Trusts ensure that the right money is paid to the right people at the right time
    • Trusts can be used to protect against inheritance tax
    • Certain Trusts are not means-tested for Long Term Care / State Benefits purposes
    • Trusts can help avoid probate delays
    • Certain Trusts are exempt from divorce and bankruptcy proceedings

    Contact us to find out how we can help you choose the right type of Trust for you.

  • Pensions and Life Assurance

    What is the best strategy for my IHT-free pensions? What is the best way to set up a life policy to pay the IHT?

    • Your pension income can create greater flexibility for the rest of your assets.
    • Life assurance plans are uniquely placed to provide a tax-free cash sum to meet any liability when you die.
    • Life Assurance can help to create wealth for future generations as these can also be paid into a trust upon your death.
    • We can help you to assess your individual situation and requirements, before coming up with a plan to give you the peace of mind you need. When it comes to protecting your estate, you will get all the help, advice and support you need.

    Contact us to find out how we can help you make the right choices and also put in place the best ways to reduce or potentially fully mitigate any inheritance tax liability.

     

    The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.

  • Alternative Tax Efficient Investment Solutions

    There may be other options available to you. Contact us to receive specialist advice in this area.


Do get in touch with us if you need a bit more information or to have a no-obligation discussion, about these services, or any other of our other financial planning advice.

With the right IHT planning, you could pass more of your wealth to the people you love.

With the complexities involved with IHT, if a simple solution can be found, it will usually be the best one. Contact us to find out more.

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LFP Consultants Ltd together with St. James’s Place Wealth Management plc are the data controllers of any personal data you provide to us on this form and any further information which you subsequently provide to us. For further information on our uses of your personal data, please see the Partner Practice’s Privacy Policy which can be accessed on their website and St. James’s Place Wealth Management plc’s Privacy Policy which can be accessed at www.sjp.co.uk/site-services/privacy

Central Lancashire Age Concern introduces to St. James’s Place Wealth Management plc which is authorised and regulated by the Financial Conduct Authority.

SJP Approved 6/11/2023