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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 ch ....

Richard Fisher , Toby Bentley , Lathe Co , Premium Bonds , Mrs Fisher , Mo Ney , Money Makeover , Consumer Affairs , Inheritance Tax , ரிச்சர்ட் மீனவர் , டோபி பென்ட்லி , லேத் இணை , ப்ரீமியம் பத்திரங்கள் , திருமதி மீனவர் , பணம் தயாரிப்புமுறை , நுகர்வோர் வாழ்க்கைத்தொழில்கள் , பரம்பரை வரி ,