Inheritance Tax Planning

When you die, the Government requires that your executors assess how much your estate is worth and if there is no valid will they then determine who gets your possessions, including the cash you have in the bank or in investments, property and any businesses you own.

The Inheritance Tax threshold, set by the Chancellor, is the amount everyone is permitted to leave without their beneficiaries needing to pay tax on it. This is called the Nil-rate Band. Anything over the threshold is subject to a 40% tax.

Currently (2012/13), the threshold is £325,000. Married couples are able to combine their allowances, making the first £650,000 of their estate tax-free. It should be noted that dual allowance does not apply for un-married couples.

Even if your assets fall below this figure it could be that life assurance policies or death-in service payments may create a liability for inheritance tax.

Inheritance Tax is a financial fact, so it makes sense to know how it will affect you.

We can help you to plan ahead, ensuring your Estate is Inheritance Tax efficient.

Inheritance Tax - the basics - GOV.UK

* The Financial Conduct Authority does not regulate some forms of Buy to Let, Secured Loans, Commercial Mortgages, Will Writing, IHT Estate Planning or Commercial Insurance.

** This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration

There may be a fee for mortgage advice. The precise amount will depend upon your circumstance but we estimate it will be 0.2% (for example £100 on a £50,000 mortgage advance) and is payable upon completion.

The advice and/or guidance contained in this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.



**You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree that such information may be used to provide you with details of services and products in writing, by email or by telephone.