Financial Planning

Doherty Lantin Jordanstown

Financial planning is taking control of your finances and ensuring:

  • You get the maximum benefit from your money.
  • You take advantage of any tax breaks.
  • You are prepared for any event, both short term emergencies and long term planned celebrations.
  • Long term planning includes making preparation to limit or reduce IHT on your death.

Estate Planning is not regulated by the FCA

True financial planning also involving having an up to date Will so that your assets can be left to the ones you wish to benefit.

Will writing is not regulated by the FCA

Inheritance Tax Calculator

A quick and easy way to calculate an Inheritance Tax (IHT) liability.

The figures provided by this calculator are for illustrative purposes only. Calculations are only a guide and cannot be guaranteed. Actual figures will vary in individual circumstances.

Estate assets
Property: Main Residence £
Savings: Current account/s, deposit account/s, premium bonds, TESSAs £
Investments: Shares/equities, unit trusts, investment trusts, ISAs, PEPs, investment bonds £
Other assets: Cars, holiday home/s, antiques, jewellery, works of art, boat, gifts of capital made within the previous 7 years £
Life insurance policies: Policies not written in an appropriate trust £
Are you married? Yes
Estate liabilities
Mortgage £
Loans / Overdrafts £
Credit cards £
Other liabilities: Outstanding bills, hire purchase, funeral expenses £
Estate summary
Total assets: £
Liabilities: £
Estate value: £
Tax free allowance: This allowance will remain the same for 2010-2015 £
Net worth: £
Inheritance Tax bill: £

Married couples and civil partners are allowed to pass their possessions and assets to each other tax-free and, since October 2007, the surviving partner is now allowed to use both tax-free allowances (providing one wasn't used at the first death).

Gifts made within the last seven years are not included in the calculations but may be liable to IHT on a sliding scale.

Calculations based upon the current understanding of HM Revenue & Customs practices and the values shown are dependent upon individual circumstances.

Results are for your general information and use only and are not intended to address your particular requirements. Results should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate results and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or couple should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of using this calculator. Thresholds, percentage rates and tax legislation may change in subsequent finance acts.