How strategic planning reduced a six-figure tax burden and secured a clients wealth

An Isio Wealth Planning client with a substantial pensions pot of £1.6m+ fund value, £80k annual Defined Benefit income sought advice to address concerns about: 

• The structure of their assets 

• Potential Inheritance Tax (IHT) liabilities 

• Ensuring financial security for their partner 

The challenges faced  

• The client was exposed to significant IHT risks, for example: a potential 45% tax liability on income for their partner if the client passed away after age 75 from their inherited pension pot, along with an estate valued over £2m.  

• Misalignment of the clients current asset structure and use of wrappers with their goals and succession planning. 

• Our client’s partner was unaware of their finances and required clarity, confidence and peace of mind in the event of the client’s death. 

Our solution  

We put in place a tailored solution, simplifying their estate planning and reducing an unnecessary six figure tax burden.  

We provided a bespoke long-term financial plan, aligned with their goals and succession planning. Peace of mind for both clients was a priority, reassuring them that they had financial security in place in the event of the client’s death. 

The couple appreciated the clear, straightforward approach, which aligned with their priorities and safeguarded their wellbeing. They now feel confident, reassured, and well-prepared for the future.