Plan your inheritance

First things first – inheritance tax doesn’t affect everyone. We can help you find out if it might affect you.

Who does it affect?

It depends on how much your estate is worth when you die. And your estate isn’t just your money. It’s everything you own, from furniture and jewellery through to property and cars (note any debts you have will reduce the value of your estate). It can also include gifts you’ve made within the last seven years. And if the value of your estate exceeds a certain limit (aka your nil rate band), your estate will typically have to pay 40% inheritance tax on anything above it.

What's my inheritance tax threshold?

  • £325,000 if you’re single or divorced.
  • Up to £650,000 if you’re married, in a civil partnership or widowed.

A ‘residence nil rate band’ is gradually being introduced, currently worth £150,000 per person. The residence nil rate band applies if you are passing on a property that you have lived in, to direct descendants, and it can be used in addition to your nil rate band.

Next steps

There are lots of things you can do now to reduce the amount your estate will potentially have to pay later. We can help you find out how much your estate is worth, whether or not inheritance tax could apply and what to do if it does.

Some inheritance tax plans can take up to seven years to come into full effect, so it can pay to plan early.

How we can help

Do you need help with inheritance tax?

You might already know or you might be unsure. Talk to us on 0800 731 5342. We offer appointments in our branches, at your home or by video link – you choose what works best for you.

Let's talk about you

We'll talk about if inheritance tax is likely to affect you and your family. Then we’ll go away and create your unique financial plan.

What happens next?

We'll meet with you again to explain your plan – in plain English. If you decide not to act on it, that's fine. We won’t pressure you into doing anything you don’t want to. It’s our No Pressure Promise.

Bringing your plan to life

We’ll agree how much help you need from us to put your plan into action and any ongoing support you might need once it’s in place. You'll only be charged if you go ahead with your plan, and we'll talk about costs up front, so no surprises later.

Important information

Some IHT planning solutions put your capital at risk so you may get back less than you originally invested. IHT thresholds depend on your individual circumstances and prevailing legislation, both of which may change in the future. Some areas of IHT planning are not regulated by the Financial Conduct Authority.

Get in touch

Request a call back

We'll call you back at a suitable time to chat through how we might be able to help you.

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A free initial consultation to understand your goals and see if financial advice could be right for you.

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