Feb 16 2021 11 mins
I have a lot of client ask me about helping their children or grandchildren during the current Covid situation. Many of the wealthy baby boomers are looking to pass on their wealth to less financially secure millennials at a time when they are in need of some financial assistance.This is accelerating what has come to be known as the greatest wealth transfer in UK history. Its thought that over the next 10 years, £300bn could be passed from one generation to the next.In this solo episode I am going to look at ways that money can be gifted to remove or reduce any potential inheritance tax issues in the future.The content should not be relied upon in its entirety and shall not be deemed to be, or constitute advice. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Is there are topic you'd like Tony to cover? We would love to hear from you.Contact Tony Pound directly with any comments/feedback on [email protected] me on: instagram.com/journeyhappyfitFollow me on: facebook.com/journeyhappyfp Website: www.journeyhappyfp.com
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