Our readers want to minimise the tax bills on any money they leave to their children
15 March 2021 • 6:00am
Liz and Richard Fisher want to know how they can make sure their son receives his inheritance without any clawback
Credit: Andrew Fox/ Andrew Fox
Inheritance tax is a “voluntary bill” according to Richard Fisher, 73, from Worcester. Mr Fisher, who is planning to pass down hundreds of thousands to his children, said he wanted to minimise the death duties owed on the money he leaves.
The retiree and his wife Liz, 66, both receive the full state pension each year, draw £12,000 from their £550k self-invested personal pension and receive £35,800 from their occupational pensions. This has provided them with a more than comfortable retirement, and they have £1,600 in cash spare every month. With £25,000 in Premium Bonds and a property worth more than £500,000, the couple want to see any leftover money go to their children. The Fishers have four children and six gra
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Woking s new chief executive Julie Fisher (Image: Woking Borough Council)
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A borough council has appointed a new chief executive despite worries over how the recruitment process was managed.