
For example, as an individual you have a personal allowance of up to £325,000 before you become liable to IHT. However those married or in civil partnerships can pass their unused allowance to their surviving spouse resulting in an allowance of up to £650,000. If any of the value of your estate falls above this figure the excess will potentially be taxed at 40%
We can help via a number of options:
- By ensuring your will is both planned and written correctly
- Create a tax-efficient fund that will provide the beneficiaries of the estate with the means to meet the tax liability without disturbing the family wealth. Under current IHT legislation, pensions can play a considerable role in estate planning