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Freedom from IHT with Ingenious Estate Planning

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Ingenious Investments, a division of UK based investment and advisory group Ingenious, has launched Ingenious Estate Planning, which provides the opportunity for UK investors to obtain relief from inheritance tax (IHT) after only two years.

Estates in the UK worth more than GBP325,000 are currently subject to IHT at 40% and despite political debate around softening IHT thresholds, the coalition government has frozen this band until April 2015.

For investors seeking to protect their assets and pass them on to loved ones in the most efficient manner possible, Ingenious Estate Planning offers an effective, tax-efficient solution, with additional benefits including a capital preservation strategy, predictable levels of return and swift access to capital.

Other forms of IHT planning often involve the creation of complex trusts or gifting arrangements, which both require the individual to live a further seven years to obtain full IHT relief. However Ingenious Estate Planning limits this period of exposure to just two years, after which point investments will be 100% free from IHT provided they are still held at the date of death.

Ingenious Estate Planning will provide investors with access to shares in unquoted companies that carry out permitted activities for Business Property Relief (BPR). These companies have been selected for their conservative business models and low risk trading activities. Each company will be managed with strict criteria to ensure that the transactions it enters into are managed to provide a regular turnover of capital and to mitigate risk through diversification and secured income streams.
Investors who require access to their capital for living expenses can also choose to receive regular annual payments and can request emergency payments at any time of up to GBP50,000, which will be available within one week. The entirety of the investment should be available to investors or their beneficiaries within 1-3 months of notice.

Ingenious Estate Planning, which has a minimum investment value of GBP50,000, will target growth on net investment at 1-2% above the Bank of England base rate, in line with the low risk nature of the trades.

Jim Reeve (pictured), Investment Director at Ingenious Investments, says: “HMRC figures show that the amount of IHT paid in 2010/11 was almost GBP2.7 billion. Given the poor global economic conditions and pressure on the national purse, it is unlikely that the government will announce policies to reduce the income derived from IHT in the future, making Ingenious Estate Planning an attractive opportunity for investors looking to protect their hard-earned assets.

“In today’s challenging economic climate, investors are wary of savings and investment products that promise high growth returns because they will almost certainly carry a corresponding level of high risk. It’s our view that the targeted returns of Ingenious Estate Planning represent an achievable and competitive yield which is appropriate for this type of investment.”
 

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