Inheritance Tax (IHT) Planning
Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money. The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the tax-free threshold which is currently £325,000.
Inheritance tax planning is a vital aspect of securing your family’s financial future. Our team of Inheritance Tax Advisers is here to guide you through the complexities of inheritance tax, ensuring that your wealth is passed on to your loved ones seamlessly.
It is never too early to start planning for Inheritance tax. In fact, the earlier you do this, the greater the chance of taking full advantage of Inheritance Tax planning opportunities.
The key is planning ahead. Consider gifting assets during your lifetime, establishing trusts, taking out life insurance, or simply spending some of it. Remember, the rules around Inheritance Tax can be complex, so it’s a good idea to seek professional advice to ensure you’re making the most effective choices for your unique circumstances.
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