From Oasis to IHT: Why Living Fully Can Be the Best Legacy
I recently made a last-minute decision that I’ll never forget — heading to the final Oasis gig at Heaton Park, Manchester. The ticket wasn’t exactly cheap. Not outrageous, but enough to make me pause and think:
Should I spend the money? Will it be worth it? Should I be sensible and put it towards something else — like finally fixing those jobs around the house that have been on the to-do list for years?
In the end, I went. And I have absolutely zero regrets.
From the moment Noel and Liam walked on stage and 80,000 voices sang the first notes, the ticket price was forgotten. The atmosphere was electric. One of those rare, spine-tingling experiences that you know will become a “tell the grandkids” story.
What Oasis Has to Do With Inheritance Tax (IHT)?
It might sound like a strange link, but bear with me.
There’s been a lot of noise lately about Inheritance Tax (IHT) - speculation about changes, ways to reduce future liabilities, and the most tax-efficient ways to pass on wealth. And yes, there are strategies worth exploring:
Gifting money to family within the allowances
Making use of exemptions and reliefs
Trust planning for longer-term protection
Reviewing investment structures to reduce the taxable estate
All of these have their place. At Ella Rose Financial, I help clients navigate these options carefully, ensuring any plan is tailored to their goals, family needs, and the latest rules.
But over the years, I’ve also given another piece of advice - one that’s not just about tax planning, but about living:
Spend your money. Enjoy it.
Don’t hold back on shared experiences with the people you love.
The Balance Between Saving and Living
Tax-efficient planning is important…but so is creating memories that last a lifetime. An unforgettable family holiday, a concert you’ve always wanted to see, or a once-in-a-lifetime trip. I
n time, the additional expenditure will reduce the value of your estate, in turn reducing your IHT bill.
But the additional expenses result in something far more valuable: they enrich your life and your time spent with loved ones.
And because Ella Rose Financial operates on a fixed-fee basis, our advice is always impartial. Whether you choose to reinvest, gift to family, or treat yourself to something meaningful, our recommendations are based on what’s right for you, not on how a portfolio withdrawal affects our earnings.
The Best Legacy Might Not Be the One You Think
Inheritance Tax planning isn’t just about leaving the biggest possible sum to the next generation. It’s also about considering the legacy you create while you’re here.
Sometimes, the best legacy is the joy, laughter, and stories you share with your loved ones now.
And if that includes a night singing along to Don’t Look Back in Anger with 80,000 other people, I say it’s money well spent!
If you’d like to explore ways to make the most of your money, whether that’s minimising IHT, making smart investments, or ensuring you can say “yes” to the experiences that matter most, please do get in touch with Ella Rose Financial and we can put a fulfilling plan in place for you and your family.
Please note, thresholds, percentage rates and tax legislation may change in Finance Acts and bases of, and reliefs from, taxation are subject to change and their value depends on an individual’s personal circumstances. The Financial Conduct authority does not regulate tax planning.