Inheritance Tax Planning – Reducing Risks Early

Passing on your wealth

People often put off Inheritance Tax advice as they believe the only way to mitigate the tax is to pay an insurance policy or give all their capital away, but this is a common misunderstanding. If you think Inheritance Tax may be an issue for you, here are some things to consider:

How we can help

Inheritance Tax is an essential consideration in good financial planning. We can provide you with the proper provisions to ensure you don’t pay any tax you could potentially be exempt from.

Step 1

Assessment - We will first assess your assets to see whether you are likely to face a tax penalty.

Step 2

Identify - We then single out the policies/assets that could be more tax efficient.

Step 3

Discover - We'll present our findings to you while explaining all of your options.

Step 4

Apply - We then complete and process any applications required to reduce your Inheritance Tax bill.

Frequently Asked IHT Questions

Tax planning can often be very complicated and can vary considerably from one individual to the next. Below are some commonly asked questions regarding Inheritance Tax Planning, but feel free to contact us for more specific information on how you could be affected.
When should I plan for IHT?

If you think Inheritance Tax may be an issue to your loved ones, you need to look at your options to reduce that bill as soon as possible. IHT is currently payable where a person’s wealth is in excess of £325,000 (2017–18). Thus, if you own your own house and have some savings, life assurance policies, or business assets, your estate could be liable.

Do I need to have a will?

While having a will is not a legal requirement, it is highly recommended. The main benefit is that it enables you to decide who is in control of your estate when you die, and avoids delays due to laws of intestacy.

What is included in my Estate?

  • Your main residence
  • Bank accounts
  • Investments
  • Other Property (Buy-to-lets, Holidays homes etc.)
  • Life Assurance that isn't in trust

How much Inheritance Tax will i pay?

IHT is charged at 40% of the net value of an estate that is more than the £325,000 nil-rate band. In simple terms, when you die, your debts are added up and taken away from what you own – your assets – to leave your net worth. If this is more than £325,000, IHT is paid at 40% on everything over that amount.


We will happily provide you with a free no obligation comparison of any existing policies you have!