Financial Planning with A.R.D. Consultancy - Flipbook - Page 6
Pensions
Regardless of your life stage, it is important to receive the right advice on your pension requirements. We can help you make the most of the
retirement opportunities available. The world of pensions is a complex and challenging one. Understanding the intricacies of taxation and
keeping abreast of legislation takes a great amount of dedication and expertise. Pensions are an extremely tax efficient method of accumulating
wealth for your retirement. Pension freedoms have also helped to ensure flexibility at the point of accessing your benefits. At A.R.D.
Consultancy Limited we are committed to finding effective methods to increase pension returns for our customers.
Inheritance Tax Planning (IHT)
The first £325,000 of an individual’s estate (referred to as the nil rate band) is taxed at 0% and is not therefore liable to IHT. In addition, there is
a tax-free allowance of £175,000 to use against the value of the estate if the home or former home is passed to a direct descendant. This
additional allowance is known as the Residence Nil Rate Band (RNRB). For many people ensuring wealth is passed on to future generations in
the most tax efficient way is of utmost importance. We have many years of experience of helping our clients achieve their objectives.