- Describe the current IHT landscape and why receipts are rising
- Explain how trusts can be used to overcome objections to gifting and reduce a person’s IHT liability
- Describe the operation of Gift, Loan and Discounted Gift Trusts.
IHT planning using Gift, Loan and Discounted Gift Trusts
About the Event
Inheritance Tax is perhaps the best example of the fiscal drag that is increasing taxes in the UK. The Nil Rate Band has remained at £325,000 since 2009 and the Government has said it will remain frozen at this level until at least 5 April 2026. Often called a ‘voluntary tax’ as there are many ways to legitimately avoid it – nonetheless, receipts are consistently on an upwards trajectory. In this online event, Les Cameron, Head of Technical and Barrie Dawson, Senior Technical Manager at M&G Wealth, look at the current IHT landscape and how Gift Trusts, Loan Trusts and Discounted Gift Trusts can help overcome the key objectives to IHT planning.
CPD
The event qualifies for up to 90 minutes of Structured CPD accredited by CII and CISI. By the end of the session you will be able to:
OUR SPEAKERS
Les Cameron
Head of Technical, M&G Wealth
Les covers most areas of financial planning, specialising in the pensions technical arena. He joined Prudential in 1997, having held various pensions technical and management roles throughout his career. Les is a Fellow of the Personal Finance Society.
Barrie Dawson
Senior Technical Manager, M&G Wealth
Barrie joined Prudential in 1997 and held roles in new business and Customer Relations before moving to the technical team in 2008 where he specialised in tax and trust planning. In 2013 he moved to Prudential Financial Planning and his role there was to audit the suitability of investment, pension and trust planning recommendations as well as providing the financial advisers with technical guidance. Barrie re-joined the technical team in 2015 and now specialises in tax, trust and pension planning. Barrie is working towards the Advanced Diploma in Financial Planning.
M&G Wealth is a trademarked brand of the M&G plc group, which includes 3 business divisions as follows:
M&G Wealth Advice as provided by M&G Wealth Advice Limited, registered number: 5739054.
Model Portfolio Services as provided by M&G Wealth Investments LLP, registered number: 0C305442.
M&G Wealth Platform as provided by Investment Funds Direct Limited, registered number: 11444019.
Each legal entity is registered in England and Wales and has its registered address at 10 Fenchurch Avenue, London EC3M 5AG. Each legal entity is also a subsidiary of M&G plc and is authorised and regulated by the Financial Conduct Authority.
M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number: 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.
M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.