SJP Inheritance
Receiving a life‑changing sum of money can bring opportunities, but it can also feel unexpectedly overwhelming as you take on the responsibility of using or investing it wisely.
An adviser who understands how stress can influence decision‑making can offer calm, respectful guidance when you need it most. They’ll help you make informed choices with confidence, even if the situation feels unfamiliar.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
“Before an adviser starts talking to you about investments, returns and tax, they will take time to understand you as an individual, as well as your family, to find out what your ambitions are.”
Alexandra Loydon,Director of Advice Policy & Operations
Crunch the numbers
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
1 Assuming a couple combine their nil-rate bands (NRB, £325,000 each) and residence nil-rate bands (RNRB, £175,000 each, if their main property forms part of their estate and it’s passed on to a direct descendant).
2 Assuming the value of the estate in 2020 is made up of: investments worth £500,000 with growth after charges of 2.4% per year and property worth £500,000 with an annual increase in value of 7.67% (based on the average annual increase in UK property prices from 1953 to 2022, according to the Nationwide House Price Index).
3 That’s because the NRB and RNRB have remained the same since 2020 and will be frozen until 2030. Everything over the combined NRB and RNRB (£1 million) would be taxable at 40%, so this tax bill represents 40% of £507,545.
You’re looking for guidance with the risks and opportunities of new-found wealth. A trusted adviser can help. They’ll work with you to create a financial plan that fits your goals. And you’ll have the confidence of knowing you’re on the right track.
Managing a loved one’s estate, applying for probate4 and having to reassess your short and long-term finances in the light of your loss can feel overwhelming just when you’re at your most vulnerable. Need help with this? That’s what we’re here for.
4 Please note that the services provided by any referral will be separate and distinct from those offered by St. James's Place.