Inheritance Tax

‘AND TO THE TAXMAN I BEQUEATH’

Nobody likes to pay tax so avoiding a potential tax liability is a great incentive. It is a fact that after taking into consideration the nil rate band, HM Revenue & Customs charges tax on the value of your estate at a rate of 40%.

Most of us spend our working lives providing for our families, with the hope (or possibly intention) that those close to us will inherit our estates when we are no longer around. This means that there could be a large inheritance tax bill to settle before your assets are released. It is so important to plan ahead, so that more of your assets are inherited by your loved ones rather than HM Revenue & Customs.

How We Can Help?

We can show you how to protect your estate so your heirs can have the maximum benefit. We may also be able to help you find ways to increase your wealth, and preserve more of it should the unexpected happen, like sickness, accidents, or injury.

As a start we are providing a number of Inheritance Tax seminars, if you would like to come along to a seminar near you please register your interest in our IHT seminars and we will be in touch as soon as there is one in your local area.

What Can I Do Now?

Through our relationship with Legal & General we provide a number of facilities for you to gather information on Inheritance Tax, follow these steps to protecting your estate:

Call 0845 634 3760^†
Visit your nearest branch to talk to an advisor.
You may wish to use Legal & General's Inheritance Tax calculator to help you work out how much tax would need to be paid on your estate should it be passed on in its current state.

Scarborough Building Society choose to introduce our customers to Legal & General, who will provide life assurance and investment products bearing Legal & General’s name.

Legal & General Assurance Society Limited. Registered in England No. 166055. Registered Office: One Coleman Street, London, EC2R 5AA. Authorised and regulated by the Financial Services Authority. A member of the Association of British Insurers.

Mortgages: 0845 634 3770 |
Savings: 0845 634 3760
^†

Scarborough Building Society is a Building Society registered under the Building Societies Acts whose principal place of business is Prospect House, Lake View, Eastfield, Scarborough, North Yorkshire, YO11 3YU.
Scarborough Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority.
Scarborough Building Society is entered in the FSA Register, FSA registration number 206062.
^†Telephone calls may be monitored and recorded for training purposes, security, and for your protection. Lines open between 08:30 - 18:00 Monday to Friday and 09:00 - 12:00 Saturday.