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YOURfuture
Inheritance Tax... THE OPTIONAL TAX!
MAKE YOURSELF THE EMPLOYER’S CHOICE Testimonial from one of our students
‘Just over a year ago, I decided to change career to become a Personal Assistant. Within weeks of completing the Executive PA diploma I was offered a temporary job with a blue-chip company. Four months later I was offered this job on a permanent basis. I truly believe I wouldn't have been offered this opportunity without the skills and confidence that my Pitman Training diploma gave me.'
Courses include: Executive Plus, Executive PA, Secretarial (incl. Legal and Medical), Office Manager, Admin Assistant, Touch Typing, Audio transcription, Business Document Production (RSA), Effective Business Communication, Shorthand, Accounts (incl. Sage), Microsoft Office (Word, Excel, PowerPoint, etc.), to name a few. Benefits ■ Courses tailored to your needs ■ Flexible hours to suit you ■ Recognised qualifications (City and Guilds, OCR, IAB and Pitman Training)
CALL TODAY 01225 462 066 or email christine.gregoire@pitman-training.net Inheritance Tax (IHT) is levied on a transfer of assets to other people or Trusts and Simon Ewings of Monahans Financial Services Ltd explains more.
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HT is most commonly paid in respect of an individual's estate on death, however it is often perceived as a voluntary tax because with careful planning, it is possible to reduce or remove any liability
The Tax Liability When you die, the size of your taxable estate is calculated as the total value of all of your possessions and assets, including cash, property and investments, less any available exemptions and reliefs. If the taxable estate exceeds the ‘nil rate band’ of £325,000 then the excess is taxed at 40%. Any unused ‘nil rate band’ may be transferred between spouses or civil partners following the death of the surviving spouse or partner, potentially doubling the nil rate band for the survivor to £650,000. Inheritance Tax is a complex subject, particularly for those with estates larger than the nil rate band but there are many things that can be done to minimise your liability. Monahans will be holding a series of seminars on this topic in the Autumn, but in the meantime visit our website for further information on this subject or contact Simon on 01225 785570 or by emailing simon.ewings@monahans-fsl.co.uk
www.monahans-fsl.co.uk
Monahans Financial Services Ltd is authorised and regulated by the Financial Services Authority.
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