How can I lower inheritance tax bills for my children?

Thursday, 08 October 2009 01:08

A reader from Cheshire is looking to find a way to look after his investments and not leave his family with an inheritance tax bill

Karen Crowshaw, Halifax Bank investments expert, tackles the problem.

Charles from Knutsford asks:

I have savings of almost £55,000 in a building society account and have a property worth £300,000.

How can make these investments more efficient so my family are not saddled with a huge inheritance tax bill when I die?

Karen replies:

There are a range of solutions available to you, depending on your personal circumstances and the level of access required to the capital now.

In order to assess which option is most appropriate to you, it would be best for you to speak to a Financial Adviser for a no-obligation review.

If you have a question for Karen, go to the myfinances.co.uk Ask the Investments Expert section

Or for more information on your investment options go to investments at Halifax.

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