Save money using two insurance plans instead of one | Bluebond Tax Planning скачать в хорошем качестве

Save money using two insurance plans instead of one | Bluebond Tax Planning

If you have any questions on inheritance tax please use the comments section below, call us on 01582 832253 or visit our website at https://www.bluebond.co.uk If you learned something from this video please just take a second to press the “like” button. This would be greatly appreciated. Thanks in advance - Charles. Save money using two inheritance tax insurance plans instead of one. Advising people to take out a whole of life insurance to avoid inheritance tax is actually a red herring. This strategy does not avoid inheritance tax at all but provides the money to pay the tax when it eventually arises. Most inexperienced advisers will suggest this as a strategy for dealing with inheritance tax problems and although it does work setting up one single whole of life insurance policy can be a much more expensive strategy than is necessary. We suggest in this video that a different strategy of taking out two separate policies is in fact significantly better and can you lead to some fairly big savings over the years depending on the size of your inheritance tax liability. We cover what a whole of life policy is, how it works, and the issues you need to consider setting one up for inheritance tax planning. In particular, we explain that there are two different types of whole of life plan and why utilising both will save you a lot of money over the years you pay the premiums. We explain what these two different types of plan are, how they work and how they work together to mitigate your inheritance tax liability in a more cost-effective manner. In addition, we explain why paying a fee for the inheritance tax advice to set this type of plan up will also save a lot of money over time. As always experienced inheritance tax advice is essential to avoid costly errors