‘Amazing inheritance tax tool’: Use a pension to reduce payments and increase your estate.


‘Excellent inheritance tax tool’: Use a pension to reduce payments and increase your estate.

A financial adviser has told This website that inheritance tax can be reduced by using your pension, allowing you to save more for retirement and to leave to loved ones.

The pension, according to Makala Green, is a “fantastic tool for inheritance tax planning.”

The financial whiz is the first Black female chartered financial planner in the United States.

She’s worked for multi-billion-pound companies like John Lewis, Waitrose, and Metro Bank, as well as A-list actors’ finances.

Makala shares her knowledge on her Instagram, @TheWealthCheck, and on her podcast, Your Financial Journey, in addition to working as a financial planner.

“The pension itself is a fantastic tool for inheritance tax planning,” she explained.

Makala claims that putting money into a private pension is a “win-win” situation for both parties.

There are a number of reasons why putting money into a pension is a good idea, including the fact that, unlike other types of investments, your pension isn’t taxed when you die.

As a result, a pension is one of the most tax-efficient methods of saving for retirement.

This money can be used to fund a lavish retirement and can also be left to loved ones when you pass away.

“The more you can save in a pension, the better,” Makala explained.

“You have a set amount of money to invest each year.”

The price is currently £14,000.

“Don’t just invest the bare minimum if you have the means to do so.”

I would recommend using the entire amount.

“Many people believe, ‘I don’t want to put money into a pension because I won’t be able to access it,'” says the author.

“However, you overlook the fact that money is your money.”

You will be able to access that money and enjoy it at some point.

“Do not deceive yourself.

Make the most of what you have.

“On top of that, you’re avoiding having to pay inheritance tax.”

So, if you have the funds available, that’s a good opportunity to save money.”

Inheritance tax is a tax on a deceased person’s estate, which includes property, money, and possessions.

Not everyone is subject to inheritance tax, and the amount paid is determined by the estate’s value.

There is no inheritance tax to pay if the estate is worth less than £325,000.

Inheritance tax is usually 40% and is only applied to assets worth more than £325,000.

“Your estate is worth £500,000,” the government explains.

“News from the Brinkwire.”


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