Octopus has created new videos to help spark planning ideas for your own client bank.
Before you get stuck in, please remember that Octopus inheritance tax products place capital at risk and come with specific tax and suitability considerations.
To get started, meet Alan and Carol…
Alan sold his business in the last three years
Alan is a widower. He sold his business two years ago when he retired.
Unfortunately, the size of his estate means the proceeds from selling his business will be liable for inheritance tax.
To complicate things, his health has recently deteriorated.
Alan was planning to leave the remaining proceeds to his daughters. But he doesn’t want to leave them with a large inheritance tax bill.
With his poor health, he can’t afford to wait seven years to be sure this money will pass to his daughters free from inheritance tax.
But he does have another option…
Watch the video
Carol wants to keep control of her capital
Carol is keen to plan for inheritance tax so that her beneficiaries feel the full benefit of the assets she built up with her late husband.
Carol inherited significant assets from her husband and lives well within her means.
But here’s the catch – she’s uncomfortable giving away assets in her own lifetime.
With traditional options off the table, Carol’s adviser suggests a possible solution…
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Key risks of Octopus inheritance tax investments to keep in mind
- The value of an investment, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest.
- Tax treatment depends on individual circumstances and could change in the future.
- Tax relief depends on portfolio companies maintaining qualifying status.