Protection Insurance

Protection Planning Should Reflect How a Family Actually Works

Protection Planning Should Reflect How a Family Actually Works Protection planning can appear straightforward. Establish an income. Calculate an appropriate level of cover. Select a policy. Put it in place. But for families with significant incomes, changing careers, international circumstances or more...

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Protection Should Evolve Alongside The Estate

One of the things I regularly see when reviewing a client’s protection is that their wider estate planning has moved on considerably, while the insurance arrangements sitting alongside it have not. That is understandable. A policy may have been arranged several years ago for...

The IHT Liability May Be Known, But Is the Liquidity Strategy?

When inheritance tax planning is discussed, there is understandably a great deal of focus on establishing the potential liability. What is the estate worth? Which allowances may apply? What could ultimately become payable? Those are questions for the client’s appropriately qualified tax and legal...

Protection Should Extend Beyond the Household

Protection is often discussed in relatively narrow terms. A mortgage is taken out, so life cover is considered. A family relies on one or two incomes, so income protection enters the conversation. Those are important considerations. But for many of the clients we work with, the financial consequences of illness,...

How Does The Seven-Year Rule Work For Inheritance Tax?

The seven-year rule is one of the most familiar concepts in Inheritance Tax planning, and one of the easiest to oversimplify. Broadly, certain gifts made during your lifetime can fall outside your estate for Inheritance Tax purposes if you survive for seven years after making them. But that does not...

Protection Planning Should Evolve Alongside Wealth, Borrowing and Family Responsibilities

Protection is often arranged at a particular moment in someone’s life. A first mortgage. The birth of a child. A new business. A significant increase in borrowing. At that point, the need for protection can feel clear. The challenge is that life...

Inheritance Tax Planning Needs a Liquidity Conversation, Not Just a Tax Calculation

Inheritance tax planning is often framed around the size of a potential liability. What is the value of the estate? Which allowances may apply? What could ultimately become payable? Those are important questions and should be addressed with appropriately qualified tax and legal advisers. But identifying a future...

The Best Inheritance Tax Planning Starts Long Before Tax Becomes the Focus

For many families, inheritance tax only becomes part of the conversation when there is a reason to be concerned. A valuable family home. A growing property portfolio. The sale of a business. A change in legislation. By that...

Your Protection Should Evolve as Your Life Does

For many people, protection is arranged at a significant life event. Buying a first home. Starting a family. Taking out a mortgage. Launching a business. Once the policies are in place, they are often filed away and forgotten. ...

A Lasting Legacy Is About More Than Passing on Wealth

When families begin talking about succession planning, the conversation often turns quickly to inheritance tax. How much could be payable? What reliefs are available? How can assets be passed on as efficiently as possible? These are important questions, but they...