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…
Inheritance Tax
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…
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…
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…
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…
The 10 best ways to avoid inheritance tax
10 ways to avoid inheritance When you die you may want your estate to pass on to your children but having to pay inheritance tax…
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…
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…
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…
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…
The cheapest way to update a Will or create a new one
Cheapest way to update a will It is recommended that if you have written a will then you should review your will every 5 years….