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FinCalc releases new Inheritance Tax Modeller

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Along with our cashflow and DB transfer software, we are pleased to announce the launch of our new Inheritance Tax Modeller.

This new modeller allows advisers to help clients understand the complexities that come with IHT and show the impact of various IHT planning options.

It provides an in depth look at both first and second death at any age, providing detailed but easy to digest charts and breakdowns with the ability to add and compare multiple planning scenarios. Advisers can clearly highlight a client’s tax liability as well as their estate distribution. The modeller considers the following:

  • Married, single, widowed or un-married clients
  • Compare multiple planning options side by side with interactive charts
  • Past and future trusts & gifts, inherited allowances, PETs and CLTs
  • 7-year rule as well as the complexities of the 14-year rule
  • Nil Rate Band and Residence Nil Rate Band
  • Quick Succession Relief, Agricultural and Business Property Relief and many more
  • Growth on assets and investments over time including liabilities and equity release
  • Maximum IHT liability over the next 10 years (for life cover planning)
  • Fully branded client friendly reports

Like other FinCalc tools and calculators, there is a seamless integration of client financial data into the IHT Modeller, whether this may have been inputted directly by the clients via the Client Portal, or from an integrated back-office system, saving advisers time and ensuring consistency and accuracy throughout.

Jason Wykes, CEO at FinCalc commented:

“Nothing in life is guaranteed but death and taxes, as we all know. IHT combines these two certainties and planning ahead of time for how to handle them can save a family a lot of grief in the future at a very sensitive moment while also conserving value for future generations. It has become very clear that IHT planning tools for advisers are scarce and our IHT modeller has been designed to help advisers solve these concerns for their clients.”

To find out more about the FinCalc IHT Modeller, please click here

FinCalc - In the Press

This has been referenced in Financial Planning Today

About the author

Gavin Shears

Gavin Shears

Senior Product Consultant

Gavin has been working in the Financial Services industry for over 20 years. Gavin joined O&M in 2005 as a paraplanner and transfers technician. After achieving Pension Transfer Specialist status, he moved to the IFA team in 2008. Gavin now works as a key component in the FinCalc arena using his knowledge of Financial Services and the advice process to help with the continuous development of the FinCalc suite of advice tools.