AEGON launches new website for IHT planners

by Gill Montia

Story link: AEGON launches new website for IHT planners

AEGON Scottish Equitable has launched a new website for financial advisers and their clients grappling with inheritance tax (IHT) planning.

The facility can be used to help reduce the level of clients’ IHT liability and includes tips on the subject, such as the importance of using a Will to maximise an individual’s IHT nil rate band and tax-efficient ways of using exempt transfers.

The firm’s technical manager, Margaret Jago, explains that the website has been set up to empower both advisers and their customers and contains useful information to ensure action is taken sufficiently early to avoid unnecessary payment of the tax.

IHT is currently levied at a rate of 40% on all assets over £312,000 and according to AEGON, around £3.8 billion will be paid to the government in 2008.

The life and pensions provider currently offers six trusts that it says can cater for the majority of people who are looking to mitigate their inheritance tax liability.

All the trusts are available with AEGON Scottish Equitable’s bond products, which include the group’s International’s Wealth Management Portfolio.