Tomorrow People

Will You Make a Difference?

Blog post   •   Aug 14, 2012 11:35 BST

Most people are brassed off with the two certainties in life - death and taxes. But it's a real bummer when they both come at once! Yet “death tax" - that's the inheritance tax payable if you're worth more than 325,000 quid when you die - is pretty much voluntary.

How come, then, the taxman takes billions of pounds in this tax from ordinary people (or even extraordinary people - he's not bothered) every single year?

There's a few reasons why people don't do something about this, (I've got to say some are better than others). Here's a few:

  • They don't want to lose control of their money
  • They are confused about complicated schemes
  • They're not planning on dying yet (remind me to tell you about Alan)
  • They don't want anybody to get their money
  • They wanna to take it with ‘em

Well, I can't figure out how you can take it with you. As my dear old Grandma used to say - they don't make pockets in shrouds. But I do know lots of ways to avoid inheritance tax AND keep control. (A word of warning - A lot of advisors get this horribly, horribly wrong). I can explain your options, without any gobbledegook, soYOU decide who gets your money - not the Government. After all - they haven't got a brilliant track record in spending it wisely have they?

So why should you trust me to fix your problem?

  • I'm Yorkshire's leading independent advisor in this area
  • I've got almost 30 years’ experience in tax planning
  • Which - the independent consumer champion - recommend you seek advisors with specialist qualifications and accreditation's when seeking advice in this area - and trust me - I've got ‘em all
  • But most of all I plan to make a difference - but a bit more about that in a minute

Worried about the cost? If you're from Yorkshire, like me, I'd expect nothing less. But believe me, the cost is a tiny fraction of the tax you'll pay if you do nothing.

Think this problem will go away? I wouldn't bank on it - there's been some form of death or inheritance tax in the UK for at least 1,000 years.

Or maybe you're planning not to bother at all - because it's not your problem? Well you're right there - you'll be pushing up the daisies by then.

But you could make a difference. You could leave a legacy for your lifetime's work. For your children. For your grandchildren. For future generations. For the donkey sanctuary, I don't much care what you do with it. But do you really want to let the Government fritter it away on MP's expenses and jobs for the boys?

Buckmaster Fuller – that well known philosopher (OK, you might not have heard of him but he first designed the dome structures like The Eden Project in Cornwall) said “The purpose of our lives is to add value to the people of this generation and those that follow”. We agree.  That’s why we give 10% of our profits to Charities.  Charities that will add value to future generations long after we’ve shuffled off this mortal coil.

We plan to make a difference. Will you?  

P.S.  I said I’d tell you about Alan.  Alan was a colleague of mine and we were discussing his tax problem one day and the very next day he had a massive heart attack from which he never recovered.

You can’t fix this when you’re dead.  Do it now. Find out more by downloading our eGuide: ‘The bucket list – 10 things to do before you die’.

Guest Post: Julie is the director of Pen-Life, financial planning practice which provides independent, no-nonsense financial advice from Yorkshire. We advise private, corporate and trustee clients throughout the country on insurance, investments, pensions, long term care and inheritance tax. You can also find her on Google+ and Twitter.