Cleeve Financial Solutions

Introduction

Why Us

Protection

INHERITANCE TAX PLANNING

With increasing house prices throughout the UK, many clients fall into the Inheritance Tax trap without realising it. If your total assets in your estate total over £300,000* your estate may be liable to pay Inheritance Tax when you die.

Inheritance tax is payable at 40% on any assets over £300,000, and your estate is required to pay this within 6 months of your death. For clients with relatively simple financial circumstances this can still cause problems if your financial affairs are not in order.

For example if you die without leaving a will, your estate will have to apply for probate and this may take some time to complete, but your estate is still required to pay any tax liability within the first 6 months of your death.

At Cleeve Financial Services we recognise that your circumstances are unique to you, and you will have your own views on payment of tax and the inheritance you may wish to leave to your loved ones. We will work with you, your family (as you see fit) and any existing professional advisers to ensure we put in place a solution to meet your needs and avoid paying any unnecessary taxes upon your death.

With so many different solutions available we at Cleeve Financial Solutions will assist you to consider all the options and implement the one which best suits your requirement.

* (as at 2007/2008 tax year and subject to change)

Cleeve Financial Solutions is a trading style of Cleeve Insurance Services, which is an Appointed Representative of Sesame Ltd, which is authorised and regulated by the Financial Services Authority. Sesame is entered on the FSA register www.fsa.gov.uk/register under reference 150427.

The guidance and or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Some services provided by Cleeve Financial Solutions may be subject to VAT, registered under no. 840 7815 22

Your property may be repossessed if you do not keep up repayments on your mortgage.

The FSA do not regulate Residential lettings or some forms of mortgages, inheritance tax planning or International products.

You can choose how we are paid for mortgages. You may pay a fee, usually £500. Alternatively we charge you a fee typically £150 plus we receive commission from the lender typically 0-3% of the loan.