Planning for IHT

Don’t get caught out

It may come as a shock to discover that a large proportion of your wealth might be subject to Inheritance Tax (IHT) when you die.

Your estate will be subject to IHT if, when you die, if it exceeds the individual nil-rate band which currently stands at £325,000. Calculating how much your family will have to pay is often, although not always, simple. Count up the value of all the assets, subtract the nil-rate band and the RNRB if applicable and what is left will be taxed at up to 40% – paid for by your family.

How can you plan for this and what steps can you take now to make sure you are not paying unnecessarily high Inheritance Tax? Ask yourself…

• Do you have a personalised, tailored financial plan drawn up?
• Are you confident in your investments, savings, retirement and pension planning
• Do you have a tax efficient strategy for managing your wealth?
• Have you looked at buying your life insurance in a trust?
• Are you utilising all your tax allowances, such as your annual Pension and ISA allowances?

You can’t know everything about tomorrow, but with sound financial planning, you can have a better idea of what’s ahead.

To get started call our team on 020 8042 2998 for a no-obligation consultation, or fill out the contact form and we’ll be in touch.


The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.

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