Prepare with a little wise, forward-thinking Planning what to do with your money once you’ve moved on can be complicated. But it doesn’t have to be. At Islamic Wealth Management, we can help you make sense of all your Sharia-compliant options, so you can rest peacefully knowing your affairs are all in order. From the formulating of your Islamic Will, through to careful planning that minimizes inheritance tax, we can work together to ensure peace of mind for you, and minimal taxation losses for your beneficiaries.
If you have worldwide assets in excess of £325,000, or over £650,000 as a married couple, you will be liable to pay UK inheritance tax of 40% on that excess. But it needn’t be that way. We offer a range of Sharia-compliant solutions that can reduce this liability or eradicate it completely. Assets include everything from a house or a car, to personal assets and investments, including ISA plans which lose tax status on death.
The Muslim faith places great importance in inheritance provisions. When you’re ready to create yours, our Islamic finance experts can guide you. They will make the process as effortless as possible; ensuring everything is Sharia-compliant and fully valid under England and Wales law.