The situation
Our clients owned a profitable trading company with a significant cash reserve which was increasing each year.
They wanted to use the profits to benefit and invest in their family as tax efficiently as possible.
Find out how we implemented a FIC to reduce tax inheritance by upwards of £400K.
Outcomes
- £12,500 of tax saved annually by paying for children's schooling via a trust
- Lower tax rate achieved on a rental property by holding it via the company
- £400K reduction in inheritance tax liability to date
- Potential for further savings as investments within the FIC grow
