Inheritance tax – How could it affect you?

Harnessing the full client lifecycle IFA activities shown in black; Accountant activities shown in red / Solicitors in blue Buy first house Get married Have family Move house Change jobs Own a business Receive inheritance RETIRE Later life IHT & estate planning Self Assessment Review trusts Mortgage/ repayment advice Conveyancing Spousal tax-planning Write Wills Set up children’s investments & CTFs Family tax planning Review Wills Set up trusts Capital Gains Probate Protection Tax planning, Book Keeping, Payroll & self assessment Review Wills Review trusts Re-finance Income tax planning Conveyancing Long-term care Income Tax mgt Equity release So let’s now look at the benefits of IFAs and Accountants working together on behalf of clients. The nature of their respective areas of expertise mean that Accountants and IFAs tend to have quite different relationships with their client Financial planning, on the other hand, is ongoing: a skilled and trusted IFA can create a deep relationship that encourages continuous contact year after year in order to achieve the best outcome for the client By teaming up with an IFA, an accountant can potentially complement the IFA and tap into more of these ‘touch points’ and hopefully ensure they are at ‘front of mind’ for more events in a client’s life Lump sum investment Family cover Client asset value Regular savings pension School fees planning Arrange SIPP Pension maximisation consolidation Pension de-risking Income drawdown Annuity purchase Annual portfolio review Annual ISA purchase Annual ISA purchase Annual ISA purchase Annual ISA purchase Annual ISA purchase Annual ISA purchase 20 30 40 50 60 70 80 Client age

The client financial journey

Focused on the client needs

Disclaimer The opinions expressed herein are those of Prosperity Financial Advisors & Stockbrokers and are subject to change. This presentation has been developed with our current understanding of the industry and it’s regulation. The content of this presentation should not be considered to be advise and independent financial advice should be sought before taking any action. Prosperity Financial Advisors & Stockbrokers is a trading name of Prosperity Independent Financial Advisors & Stockbrokers Ltd. Prosperity Independent Financial Advisors & Stockbrokers Ltd are authorised and regulated by the Financial Conduct Authority (507580).

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