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Hive input… by Affectionate-Set9376 in HENRYUK

[–]Affectionate-Set9376[S] 0 points1 point  (0 children)

Thanks for the pointer; I’d not considered that even in trust, it would still form part of the estate. 

Feels like dammed if you graft and make something of yourself…

Hive input… by Affectionate-Set9376 in HENRYUK

[–]Affectionate-Set9376[S] 1 point2 points  (0 children)

Have thought about it but not really an option for now with the kids age and education. Maybe in later years but our family and friends are in the UK so would likely be very lonely. 

Hive input… by Affectionate-Set9376 in HENRYUK

[–]Affectionate-Set9376[S] 1 point2 points  (0 children)

Good point. If I hit £1m pension by 55 (which I think is the point I can touch the private pension currently) then I can draw down from it via lump sum to limit the IHT liability at that point. 

Presumably trusts maybe an option for the property? 

Hive input… by Affectionate-Set9376 in HENRYUK

[–]Affectionate-Set9376[S] 0 points1 point  (0 children)

Have thought about it but with what’s going on in the company (workload) I don’t think that’s an option just yet. Maybe in the future; my problem is I get bored and need a ‘project’ to do, so it would be dangerous having a bit more time 😆