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Press Releases >
Planning your financial future – Making the most of your assets in retirement and beyond
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Recent changes to tax legislation announced in the 2006 budget could affect thousands of South Yorkshire families. A failure to adjust the cut off point for Inheritance tax in line with house price inflation means that anyone whose estate, including their home, is worth more than £285,000 will be affected.
Changes to the tax regime for family trusts will require a review of thousands of wills to ensure that families do not incur additional tax charges.
Allotts Chartered Accountants are running a morning seminar at Hellaby Hall Hotel on July 18th to explain how you can plan your finances to minimise your tax liability and ensure that your family are well provided for.
Kirstie Williamson, Allotts IHT and capital taxes expert said “It’s frightening how unaware most people are of the implications of these changes. Currently only 40% of people have a will and this combined with a lack of financial planning can lead to a serious tax burden on bereaved relatives at what its already a difficult and stressful time”
Tony Grice, managing partner at Allotts said, “There’s no doubt that the recent changes will make things harder for families. This seminar will help people to plan for the future so as to minimise any adverse affects.”
If you would like to attend the event or are interested in finding out more, please contact Tessa Stephens, marketing manager at Allotts on 01709 828400.
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