Estate and Inheritance Tax (IHT) planning is all about getting the right balance between having access to your money when you need it, and leaving a protected legacy for future generations, whilst minimising tax. As a UK resident or an expatriate living in the UK, one of the most important financial tasks you have is to start planning how and to whom you will leave your assets. IHT is the tax paid on an estate when the owner of that estate dies, and it becomes especially complicated when it comes to expat finances.
However, there are many ways to legally mitigate a significant amount of tax in the UK, if careful planning and independent financial advice are applied throughout the process. It can be a complex journey, involving IHT and the succession laws of more than one country, but it is vital to have a solid estate plan in place so your heirs can minimise their tax bill at an already difficult time, and provide you with peace of mind that they and your estate will be looked after.
Join us for our first in-person seminar post-pandemic, which we are delighted to be holding in collaboration with Chamber members Westminster Wealth Management, to learn more about estate and IHT planning. The topics discussed will be as follows:
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- Rules in the UK – this is how IHT works
- Problems that may arise, and how to resolve them
- How does it work if you are Spanish?
During the session you will have the opportunity to ask any questions that you might have to the speakers, and a networking breakfast will take place following the seminar.
Risk warnings – The Financial Conduct Authority does not regulate estate planning, tax advice, wills or trusts. Information is based on our current understanding of taxation legislation and regulations which is subject to change.
Registration for this event is now closed.
DATE: Tuesday 5th October, 08:30 – 10:30
LOCATION: Spanish Chamber of Commerce in the UK, 126 Wigmore Street, London W1U 3RZ
About the Speakers:
Banty Bhojraj
Banty has a primary aim to build long lasting relationships with his clients and to provide them with reassurance and confidence about their financial plans for the future. He strongly believes that his clients will benefit more if they receive a fully independent advice service which is constantly reviewed against their future goals and aspirations to ensure that every milestone is fulfilled.
His areas of expertise are the following:
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- Provide investment solutions to help grow your wealth.
- Bespoke retirement planning.
- Protect you and your family.
- Tailored estate planning to reduce the impact of inheritance tax.
Banty was born and brought up in Tenerife (Spain) and he currently lives with his wife in North West London. Outside work, he enjoys travelling, rock climbing, paddle surfing and training Krav Maga.
Scott Kennedy
Scott has been working in Financial Services for well over a decade; establishing a breadth of experience advising a range of clients from small business owners to large company directors. He really enjoys meeting new people, learning what’s important to them and developing professional relationships over time. When Scott asks his clients about their goals, he doesn’t just want to know the bare minimum so he can ‘work out the numbers’. He’s interested in the details because financial decisions cannot be made in silos and cares deeply about the outcomes in every aspect of his clients’ lives – present, future as well as their children’s futures too.
His style is very much inclusive, comprehensive and collaborative. Scott is passionate about arming clients with knowledge and helping them feel secure in their financial decisions. An example he can give is trying to get clients as enthusiastic about pensions as he is! Every client is unique and every client’s financial journey is different which keeps what he does interesting. The successes that his clients enjoy due to the work they’ve done together is extremely fulfilling.
Mark Everitt
Mark has almost 20 years of experience in the Financial Planning industry. He has a wealth of experience looking after City professionals, including Accountants, Lawyers, Barristers and their families. After establishing whether financial protection is required, Mark’s focus is on maximising capital accumulation within a client’s risk tolerances and with consideration of their time horizon, making sure all available tax allowances are utilised. His Chartered Financial Planning approach is centered around long-term relationships with his clients and the provision of a high level of personal service in devising and revisiting financial planning strategies, including tax efficient investing and retirement planning.
He favors using cashflow forecasting to inform long term decisions around planning for retirement, sustainable withdrawals, gifting and inheritance planning strategies. Mark gained a BSc in Geography, specialising in Physical Geography. His continuing interest in Geology has impacted the enjoyment of many trips to the coast for his wife, whilst their two sons have been fully indoctrinated and share his passion for rock formations. Outside work Mark has enjoyed playing rugby for far longer than he probably should have, as well as tennis, and occasionally completes triathlons at a glacial pace.
The Spanish Chamber continually monitors and follows UK government health guidelines to protect our staff and guests at our events. We want to provide a safe environment and therefore we kindly ask that you follow the government’s advice to self-isolate in case you have any symptoms of COVID-19 or feel unwell. If you have any questions, please do not hesitate to contact us.