TV personality Anne Robinson made news recently by gifting her assets worth £50 million to her family to avoid Inheritance Tax (IHT). This bold move is a prime example of how strategic estate planning can significantly reduce tax liabilities. But how exactly did she do it?
Inheritance tax can feel like a daunting final chapter to a lifetime of prudent financial management. It’s a tax which can potentially take a chunk out of what you leave behind for your loved ones. But what if there was a way to reduce its impact? Enter the pension fund – a tool more powerful and versatile in tax planning than many might think. In this blog post, we’ll explore how you can use your pension fund to keep more…