Inheritance tax advice
I wanted to get some advice on inheritance tax please.
My employer has offered to pay to see a financial advisor (I’m meeting at end of the month) and I’ve done some research on my own circumstances. But still quite confused!
I want to leave below to my partner/son without having to pay too much inheritance tax.
Always found the advice on here really useful and very grateful for any thoughts before I meet financial adviser.
I’m 55 in full time employment
I live with my partner but we’re not married or in civil partnership
My son is 20 currently at uni
I have 2 properties - home (worth about £300,000) and house I rent (worth about £150,000)
Both properties are owned outright, no mortgage
I have savings about £200,000 in various S&S Isas, pension AVCs, easy access accounts
I have Local Government Pension, which I’m planning to leave alone while still in f/t job
I have a will with my partner/son inheriting above
Would really appreciate any advice/thoughts.
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