Finance Matters

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With Carley Mearns-Begley BA (Hons) DipPFS

inheritance tax advice finance investment advice

Give You & Your Family A Wealthy Future

As you get older, your hard-earned savings can give you so much to think about. And little of it is straightforward. 

If you’re fortunate enough to be leaving a generous inheritance to your family, you’ll want to make sure most of it ends up in their hands, rather than with HMRC. The good news is that there are legitimate ways to do this. Understanding what you can gift to your family now, or place in trust for later, can give you the income you need today, as well as mitigate Inheritance Tax (IHT) liability.

Of course, you won’t want to give away all your savings now and end up unable to live well today. Plus, there’s the possible issue of long-term care to consider. Care costs can vary considerably across the country and will depend on the type and level of support you need. This is often determined through a care needs assessment. According to Laing Buisson’s Care of Older People UK Market Report, December 2020, the average annual UK cost is around £34,684 for residential and £48,048 for nursing care. So we understand that the thought of having to sell your home is a genuine concern.

Take Care of Their Tax

Then there’s the impact of IHT, which can make a huge dent in what you pass on to your family. It’s a tax that used to be the preserve of the very wealthy, but the rise in property prices now means more and more people need to take IHT into consideration.  


If you’re after a little help to guide you through the IHT maze, give us a call. We’re here to make a difference to your family’s future.

Inheritance tax information CMearns Finance

C. Mearns Finance
07504 503983

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You might get back less than you invested. The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances. 

‘C Mearns Finance is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives.’

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