Inheritance Tax

Inheritance Tax Planning (IHT)

Inheritance Tax is largely a voluntary tax, as with a holistic financial plan in place, it is possible to make sure that you are maximising your wealth, which you have spent your life building, not only for the present but also for future generations.

With assets rising in value over time, and the Nil Rate Band remaining at £325,000 until at least 2025, more and more people are being affected by Inheritance Tax.

Anything over and above the Nil Rate Band is taxable at 40%, and whilst a Main Residence Nil Rate Band of an additional £175,000 has been introduced in recent years (conditions apply), and you can also inherit a deceased spouse’s unused Nil Rate Band, losing potentially 40% of your estates value over the available bands is a substantial amount. There are various ways of mitigating a potential inheritance tax liability, and it is often the case that numerous strategies will be adopted and reviewed on a regular basis, rather than a single solution being applied.

Following an in depth review of your financial position, some of the strategies we can look to adopt are:


  • Whole Of Life cover
  • Pension planning
  • Gifting and utilising available exemptions
  • Trusts
  • Business Relief qualifying investments
The Financial Conduct Authority does not regulate taxation.
Inheritance Tax Planning is a very complicated area and there are often other complexities involved that can often be overlooked, especially in instances where people may have re-married or have children from a previous relationship.

Do not leave it to chance; by reviewing your financial position and implementing any recommendations, you could potentially save your estate a significant amount of inheritance tax.

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