Without careful planning, Inheritance Tax (IHT) can take a significant portion of your estate, leaving less for your loved ones. It's reach is wide, and even a modest estate can be affected, while larger estates may face substantial liabilities.

At Heritage & Co, we help you make the most of available strategies, from helping plan your Will to using lifetime gifts and creating tax-efficient funds. Pensions can also play an important role in inheritance planning, though proposed changes coming into effect in April 2027 may alter how pensions are treated for IHT purposes.

The value of a pension 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 you invested.

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

Will writing involves the referral to a service that is separate and distinct to those offered by St. James's Place. Wills are not regulated by the Financial Conduct Authority.

Heritage & Co is a family-run, multi-generational financial Practice, proudly serving clients for over 30 years from our idyllic Somerset offices overlooking rolling fields and countryside.

Our experienced and professional ten-strong team, led by Directors John and Nathan, combines decades of expertise with a genuine passion for helping clients achieve their financial goals.