Ann: Private Client


Ann came to gpfm looking for specialist advice concerning her financial future and was interested in discussing the Inheritance Tax which could potentially be paid by her Estate.

Her objective was to find an investment which would reduce the Inheritance Tax ultimately payable whilst retaining access to the capital invested. Luckily, she had come to the right place.

Key Challenges

Inheritance Tax can end up costing loved ones hundreds of thousands of pounds. It is the tax paid on assets (after allowances have been deducted) when someone dies. Assets include any cash you have in the bank, your investments, properties, businesses that you own, your vehicles and any pay-outs from life insurance policies (if not written in the appropriate Trust).

Inheritance Tax is payable at 40% on anything above the £325,000 inheritance tax threshold when you die (other allowances are available). This is lowered to 36% if you leave at least 10% to of your net Estate to charity.

There are various methods which can reduce the level of Inheritance Tax payable by one’s Estate – this being Ann’s primary aim and objective. Ann wished to reduce the liability, while also retaining access to both the capital invested as well as any growth achieved within the portfolio.


Scott at gpfm used his expert knowledge and several home visits to accommodate Ann’s particular needs and come up with the perfect solution to her problem. In this case, Scott advised Ann to invest the money in a Trust and out of the many options, he selected a Wealth Preservation Account.

There are several benefits to this kind of Trust. First and foremost is that your original investment is outside your estate, meaning it is free of Inheritance Tax after seven years. Any growth on the investment is also not part of your estate with immediate effect and the trustees can make payments to the Settlor of the Trust during their lifetime.

This proved to be the right fit for Ann and her requirements.

Quote from the client

Ann was particularly pleased by the service provided to her by Scott and gpfm, who visited her at home and set up ongoing annual reviews to make sure she really felt taken care of.

“I found Scott to be very informative and he always explained things in simple language. I feel I can contact him with any financial matter.”

About gpfm

gpfm are an independent financial planning company dedicated to the provision of personal, professional and objective-driven advice for our clients. We have been awarded the Chartered Financial Planners title by the Chartered Insurance Institute for offering high quality, independent and informed advice that meets the needs of our clients.

If you are seeking financial planning advice, get in touch with us today at or call 01992 500 261 now, and see how we can help address your financial future.