Tax

Inheritance tax (IHT) taper relief on gifts explained

This is a popular question and often causes confusion. So I thought I’d lay out a brief explanation of how inheritance tax (IHT) taper relief…

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Reader Q: If I give my kids £90k will they be hit with an Inheritance tax bill if I die?

Reader Question: How can I give money to my children without paying inheritance tax (IHT) Can I give cash to my family before I die…

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Here’s what you should be doing NOW about inheritance tax

Throughout my career in financial planning I’ve always been struck by the lack of planning when it comes to passing money on to children and…

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Life insurance and Inheritance Tax

Life insurance and Inheritance Tax When assessing the potential inheritance tax liability on your death it makes sense to consider life insurance as a method…

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Inheritance tax planning: How to pass on your wealth without paying inheritance tax

Inheritance tax earns the UK Government around £3.4 billion a year in revenue and this figure is set to increase. Part of the reason why the…

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Quickly find out your potential inheritance tax bill

The average Inheritance Tax (IHT) bill in the UK is a staggering £170,000, yet reducing your liability is often simple. Ironically most people don’t even know their…

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How to quickly and easily calculate inheritance tax

What is inheritance tax and how does it work? In the UK there has been some form of inheritance tax (formerly known as death duty…

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I earn over £100k a year, how can I avoid losing my personal allowance?

Important pension changes for higher earners in 2016  

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Can I use the Inheritance Act to claim for lack of dependant provision?

Generally speaking we are free to dispose of our assets as we see fit when we die, however, the law does provide provision for people…

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Who pays inheritance tax?

Inheritance tax is paid if a deceased’s estate is worth over £325,000 at the time of death. The figure of £325,000 is known as the…

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