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Financial planning

Inheritance tax planning

Financial planning

Inheritance tax planning

Financial planning

Inheritance tax

What is inheritance tax planning?

Inheritance tax planning helps people and families manage and reduce the taxes that are triggered when passing on assets and wealth to loved ones after someone passes away.

A financial adviser will suggest ways to organise estates smartly, like gifting or setting up trusts, to keep more money for loved ones and less for taxes. For complex tax calculations you may need to consult an accountant.

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Why get advice on inheritance tax planning?

  • Navigating complex regulations - advisers help with understanding and navigating intricate tax laws. They'll provide personalised strategies to optimise tax planning.
  • Protecting family wealth - it preserves family wealth by minimising taxes on assets passed down, ensuring family members receive maximum inheritance.

How to receive financial advice

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Video call

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In person

How to receive financial advice

You can choose to meet with your adviser by telephone or video call. If you'd prefer in person meetings, you'll be matched with an adviser local to you. These options offer flexibility, making it convenient for you to access personalised advice, regardless of your location or communication preferences.

Cost of financial advice

Inheritance tax planning is included as part of the HL Financial Planning Service.

Our financial advisers typically charge 1-2% of the assets advised on (+VAT where applicable, minimum charges apply). This is a one-off charge which will depend on the complexity of your situation, the time needed to understand your goals, and to provide personal recommendations.

Your financial adviser will let you know if they think you'd benefit from ongoing advice. This comes with an extra charge.

Advice on the transfer of any secured benefit, such as a defined benefit pension (a final salary pension), will be subject to a separate charging structure, which your adviser will discuss with you.

Summary of charges

Getting advice starts with one call

Getting advice starts with one call

The first step is to talk to our advisory service team. This initial discussion is to determine if our advisory service aligns with your needs and goals and would be a feasible option for you.

During this conversation, we'll ask straightforward questions to understand your financial objectives and the total value of the assets you're seeking advice on. No financial advice will be given at this point.

If our advisory service is the right fit for you, we'll connect you with one of our experienced advisers for a first meeting.

Book your free call

Find an adviser

Find nearby HL advisers with our simple tool, and select the perfect match based on their areas of expertise and the type of advice you're looking for.

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Guides and tools

The essential guide to inheritance tax

How much do you know about inheritance tax and gifting? Here are our top tips.

7 min read

Estate planning explained

Estate planning isn't just sensible for your finances, but also for your peace of mind.

5 min read

Inheritance tax calculator

Use this calculator to see whether your estate may be subject to inheritance tax.

Inheritance tax FAQs

Tax rules can change and any benefits will depend on individual circumstances. This is not personal advice.

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