receiving an inheritance.

making the most of your financial windfall

wise choices for a secure future

Receiving an inheritance offers a chance to improve your financial situation, whether by paying off debts, saving for the future, or making meaningful investments. Every decision about how to use this inheritance feels important, as you want to make choices that honour the intentions of the person who left it to you.

You will want to retain as much of your inheritance as possible and you may be worried about losing money unnecessarily through taxation.

This may be the first time you have had a significant sum of money, and you will likely want to ensure that you maximise the growth potential of your money over the long term rather than losing value due to external factors such as inflation. You may be unsure as to what options are available to you.

expert advice

this is how we provide solutions to your problems

When you are feeling vulnerable and going through a loss, you must talk to someone you trust. As well as being highly knowledgeable, our experienced team is empathetic and understanding of the emotions that come with handling an inheritance.

We will come on this journey with you and make sure we focus on the goal of honouring your loved one’s legacy and securing your financial future.

Making your money go further

Not everyone is experienced in tax planning, but most people want to make sure that they do not lose money unnecessarily by paying too much tax. By planning ahead, we will also ensure that you pass your money to the right people on death and that your family doesn’t lose money unnecessarily due to taxation.

Filling you with confidence

We will build a personalised financial plan that will allow you to see how your financial future could look. Your plan will outline the steps you need to take to get the maximum benefit out of your inheritance – or make the best out of the unfortunate loss of a loved one. Your financial plan will provide you with the reassurance and confidence that you are seeking.

Protecting your assets

When you receive a sudden windfall, it can cause unintended consequences for your own tax position, including your Inheritance Tax liabilities. We can assess the impact and then put a plan in place to help reduce or even eliminate any potential Inheritance Tax. This way, we can ensure that as much of your money can pass to your family upon your death.

frequently asked questions

Will you work with my other professional advisers?

Absolutely. We want to make this as stress-free as possible for you and we believe in working with your other advisers to achieve the greatest possible outcome for you. After all, we want to make sure that we are all on the same page and looking to achieve the same outcome.

How do you manage risk and reward?

We will analyse your risk profile and investment objectives to strike a balance between not taking unnecessary risks and not missing out on returns by ensuring that you hold a diversified portfolio. We will also highlight any risks that you may be taking that you are not aware of.

Do I need a deed of variation?

We will point out when a deed of variation may be appropriate so that you can seek legal advice. This may help minimise the taxation implications of an inheritance, especially if you would like to use the inheritance to assist your family.

How can I benefit from your size and scale?

We are part of the Quilter Financial Planning Network and use their buying power to reduce the costs that you incur from recommended providers to give you great value solutions. Through the network, we also have access to exclusive solutions with benefits you won’t find anywhere else. Quilter Financial Planning’s targeted in-house market research and analysis allow us to reduce costs and give you the best possible value when determining our fees.

What tax shelter is most beneficial?

Some tax shelters, such as pensions, are very tax-efficient, but unfortunately, they are also complicated. We will guide you through the options available and advise you on the right tax shelters. While the ones available may be complicated, we will keep our recommendations simple for you to understand.

Can you help my family to prosper?

Sometimes, family members encounter challenges that you’d like to help them with, for example, a property purchase. We can support you through these decisions, help you understand the impact of your support on your financial future and make sure that you provide support tax-efficiently.

How can I benefit from your advice?

Unnecessary tax can lead to you paying 20%, 40% or even 45% tax on the gains that your investment makes. People often think the biggest impact on long-term returns is achieved by a marginal gain on your investment performance; however, the amount of tax paid often has the biggest impact. Get this wrong, and it could set you back significantly.

Will you keep me updated on progress?

We will, of course, keep you updated throughout any transaction we are advising you on. Our ongoing advice service means that we will have regular progress check meetings to do exactly that. During these meetings, we will update you on your progress and ensure that you remain on track to achieving your goals and aspirations.

Don’t just take our word for it.

In all our negotiations, David has explained things in an easily understood manner, which has made a complex procedure much easier to comprehend. Having never had any experience of the world of finance, I’ve found him supportive and informative.

Susan, Received an inheritance

The whole experience has been professional, friendly and informative. At all times, I could ask the “daft question,” which was really important for me as I was unskilled in this area and needed to trust the person I chose.

Jason, Actively retired

David was very thorough and went through every fine detail regarding my private pension. He gave me lots of guidance and different options. David always went out of his way to help me and is extremely knowledgeable.

Jennifer, Actively retired

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Ready to take your financial plan to the next level?

We love meeting new people and learning about you. If you are interested in finding out more, please schedule an introductory meeting with us by clicking on the button below. We do not charge for an introductory meeting, and we can both use this meeting to assess whether we are the right fit for one another.

The Financial Conduct Authority does not regulate tax planning, Trusts, Estate Planning & Inheritance Tax planning.
Tax treatment varies according to individual circumstances and is subject to change.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.

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When deciding the fees we charge for advice we want to be sure you receive value for money and that the solutions we recommend are likely to deliver your objectives.