The questions we're asked most.

You can invest either with a paper based application or using the online application form.

We trade monthly.

Freyr is a specialist investment manager focused on Business Relief estate planning. We're new, but the team behind us isn't. We started with an institutional-grade lending engine that already serves family offices and institutions, then built Freyr to bring that same approach to advisers and their clients.

Freyr is the Norse god of prosperity. It felt right for a business built around helping a lifetime of work carry forward.

Our team brings 35+ years of estate planning experience and 150 years of combined lending experience. The strategy behind Freyr isn't new. It's the same approach, run by the same people, that has been lending successfully through P1 Capital for nine years, since 2017.

We see our size as a strength. We can move quickly, listen closely and build what advisers actually ask for, without years of sign-off. We also intend to stay deliberately focused. Raising only what we can deploy well protects the quality of every loan we make.

Yes. We've been independently assessed by AKG, and the full due diligence report is available on request. As our track record builds, we'll add further third-party ratings.

It's a fair question, and we'd rather show you than tell you. We lend to established businesses, and we'll walk you through exactly how the lending rate becomes the net return, cost by cost. The approach is already proven: Regatta, built on the same lending model, has delivered an annualised net return of 6.5% since its 2022 launch.

We believe you should see every fee, clearly. See the full fee breakdown.

We're happy to provide a full, detailed cost breakdown on request, showing where each cost sits, from the rate we lend at to the return your client receives.

Freyr is a lending book, so interest and capital are repaid every month. Our loans are staggered and amortise over their term, which means cash returns steadily and naturally. We also design the portfolio so the average term of our loans is no longer than the average time clients hold their investment.

Not at all, but talk to us early. We'll look at your client's plans together and, where it helps, phase the investment in so the portfolio stays balanced for everyone.

Planning works best around the rules as they are today. Business Relief is also one of the most flexible estate planning options available: your client keeps ownership of their investment. If the rules changed, the investment itself would carry on working. Only the tax benefit would change.

Yes. Business Relief is now a defined allowance, and like any allowance, it's there to be used. For clients with an Inheritance Tax liability, doing nothing still carries a real cost to their family.

It's a sensible question for any growing business. Investment decisions are shared across the team, not held by one person, and we're continuing to build depth as we grow.

Your client's money is protected by structure, not by any one person. Client money is held by Apex, every loan is drawn up by independent lawyers, and an independent trustee company holds the security on each loan. If ever needed, that trustee can step in to recover funds and return money to investors.

Many of our team have worked at larger providers, and we're grateful for what we learned there. Freyr is built from the ground up around what advisers told us they wanted: clear reporting, transparent fees, a direct line to decision makers and a portfolio designed for how clients actually use Business Relief.

Often, yes. Just as with any investment, spreading across providers can make good sense. We're happy to sit alongside others as part of your client's plan.

Business Relief (BR) is a relief from Inheritance Tax (IHT) that has been available since 1976. It was introduced so that family businesses could be passed on without the next generation having to sell up to pay the tax bill. Shares in qualifying unquoted trading companies can benefit from BR, which means investors can use it as part of their estate planning. Once the shares have been held for at least two years, and are still held on death, they can pass on free of IHT up to the available allowance.

A BR-qualifying investment needs to have been held for at least two years and still be held at the time of death. Unlike a gift, there is no seven-year wait, and the investor keeps ownership of the investment throughout.

If the two-year holding period has not been met, the investment will not qualify for BR and its value will form part of the estate in the usual way. IHT may then be payable at 40% on anything above the available nil rate bands. If the investment is left to a spouse or civil partner, it passes free of IHT under the spousal exemption, and they can inherit the time already held (see below).

Anything left to a spouse or civil partner is free of IHT. Where BR-qualifying shares are inherited from a spouse or civil partner, the time the first spouse held them counts towards the survivor's two-year holding period. This means the survivor does not have to start the clock again.

From 6 April 2026, the first £2.5 million of combined business and agricultural assets qualifying for 100% relief continues to be free of IHT. Value above £2.5 million receives 50% relief, which works out as an effective IHT rate of 20%.

A few other points to be aware of:

• Any unused allowance can be transferred to a surviving spouse or civil partner, so a couple could pass on up to £5 million of qualifying assets free of IHT.
• AIM shares now receive 50% relief only and do not use the £2.5 million allowance.
• For lifetime gifts, the allowance refreshes every seven years, in the same way as the nil rate band.
• IHT due on qualifying assets above the allowance can be paid in 10 equal annual instalments, interest free.

The nil rate band is the amount everyone can pass on free of IHT, currently £325,000. The residence nil rate band is an extra £175,000 available when a main residence is left to children or grandchildren. It is reduced by £1 for every £2 the estate is worth over £2 million. Both are transferable between spouses and civil partners, so a couple could pass on up to £1 million this way. Both bands are frozen until April 2031.

Agricultural Property Relief (APR) and Business Property Relief (BPR) share one £2.5 million allowance per person. It is a combined allowance rather than £2.5 million for each. Where someone holds both types of asset, the allowance is split across them in proportion to their value.

Yes. Relevant property trusts have their own £2.5 million allowance, which refreshes at each 10-year anniversary. Where the same person sets up more than one trust on or after 30 October 2024, those trusts share a single £2.5 million allowance.

Placing BR-qualifying shares into trust can help reduce the IHT due on setting up the trust, as well as the 10-yearly and exit charges.

IHT is charged at 40% on the value of an estate above the available nil rate bands and reliefs. It is normally due within six months of the end of the month in which the person died. Anything left to a spouse, civil partner or charity is exempt.

Gifts to individuals fall outside the estate if the person making the gift survives seven years. If they die within three to seven years, taper relief can reduce the tax on the gift. There are also some exemptions that apply straight away, such as the £3,000 annual exemption, small gifts of up to £250 per person and regular gifts made out of surplus income.

Gifts into most trusts can trigger an immediate IHT charge of 20% on anything above the nil rate band, with more due if the person dies within seven years.

Yes, BR investments can be gifted to individuals or into trust. For BR to apply to the gift if the person making it dies within seven years, the person receiving it generally needs to still hold qualifying shares at that time. Lifetime gifts of BR assets also use up part of the £2.5 million allowance for seven years.

BR investments hold shares in unquoted companies, which are less liquid than listed shares. We aim to offer access quarterly but this is not guaranteed and investors should see BR as a long-term investment.

Any amount withdrawn is no longer invested in BR-qualifying shares, so it will fall back into the estate for IHT purposes. We aim to offer access quarterly but this is not guaranteed and investors should see BR as a long-term investment.

Replacement property rules mean the two-year clock does not always have to start again. If the proceeds from one BR-qualifying asset are reinvested into another within three years, the ownership periods can be combined, as long as the total is at least two out of the last five years. This can be complex, so please speak to your local contact about specific cases.