moneymaximising
37 posts
Jun 23, 2025
8:16 AM
|
A Section 73 Policy is a tax efficient saving scheme which helps individuals mitigate their inheritance tax liabilities. That is, you can invest in insurance and at the same time have your money saved for the future.
When you create this policy, your contributions will gain value over time (call it cash value) that can be accessed in the future. The salient feature is how it manages to sidestep inheritance tax when passed to heirs.
When you die, your beneficiaries receive the money from the policy outright. This sum is, under normal circumstances, paid in addition to and outside of the taxable estate and offers valuable financial aid at a difficult time.
The design of these policies will also allow flexibility for investment options and development potential. Most service firms offer overall risk options that suit specific needs.
Such flexibility makes policies issued under Section 73 attractive for individuals wishing to preserve their legacy without bearing the weight of excessive taxes.
Read More:- https://mmadvisors.ie/section-73-policy-ireland-tax-efficient-inheritance-planning/
Money Maximising Advisors Limited (https://mmadvisors.ie/)
Email: office@mmadvisors.ie
Call: 353 91 393 125
Address: Unit 3, Office 6, Liosban Business Park, Tuam Rd, Galway, Ireland
Last Edited by moneymaximising on Jun 23, 2025 8:17 AM
|
