Success in succession: how to pass down wealth effectively

02 November 2021
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Some of the most common questions we get when helping people plan how to pass down their wealth include:

  • ​Do I qualify for inheritance tax?
  • What is the inheritance tax threshold?

  • How do I reduce an inheritance tax bill?

However, understanding and mitigating inheritance tax (IHT) is just one consideration in passing down wealth to children or grandchildren effectively. Good 'intergenerational wealth planning' as it's known also involves making a will, choosing investments that minimise IHT and, as people increasingly prefer, gifting money during their lifetime.

To understand the basics of passing down wealth efficiently and protecting your family's legacy, watch the short video below.


 



This video is intended for guidance only. It is based on Sanlam’s understanding of current legislation, which is subject to change. Seek professional tax advice before taking action. All investment views are presented for information only and are not a personal recommendation to buy or sell. Past performance is not a reliable indicator of future returns. The value of investments and any income from them can fall and you may get back less than you invested.

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The value of investments and any income from them can fall and you may get back less than you invested.