Later Life Planning
Thanks to better medical care and healthier lifestyles, we have the prospect of living longer. But while an increase in life expectancy may seem like good news on the face of it, it has to be recognised that there are a number of financial implications that go with it.
Our later life planning advice enables you to plan for IHT by providing monetary gifts to your loved ones and securing an income to help cover your long term care costs.
We are committed to helping people meet their financial needs throughout their lifetime and long term care planning is no exception. Planning for later life gives peace of mind enabling you to plan your IHT exposure, make gifts to your heirs during your lifetime and secure a pre-set income should you need long term care in the future.
The value of an investment may fall as well as rise. You may get back less than the amount invested. If the “income” taken exceeds the growth on the Plan, the capital will be eroded.
If you would like more information please contact Wellesley Wealth Advisory on 01444244551 or via email at info@wellesleywa.co.uk
Its key benefits are:
Safely making monetary gifts to your loved ones
Inheritance Tax exposure can be reduced or even eliminated
To help you to safeguard against costs, you can arrange a pre-set income for life if required
Keeping control of your money
- Benefit from the use of gifts and trusts
Trusts are not regulated by the Financial Conduct Authority
Related Services
Gifts
Making a gift of money or assets can be a valuable exemption from Inheritance Tax.
Inheritance Tax
Without careful planning, HM Revenues & Customs could become the biggest beneficiary of your estate.
Long Term Care
Apart from the emotional cost, arranging care for yourself or a loved one is extremely complicated. Dealing with issues like Lasting Powers of Attorney* can cause stress.
The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax reliefs depends on individual circumstances.
*Powers of Attorney involve the referral to a service which is separate and distinct to those offered by St. James’s Place and are not regulated by the Financial Conduct Authority.
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