What Is Mitigating Inheritance Tax?

Inheritance Tax is essentially a tax on death. If your assets are valued at over £325,000 (the current Nil Rate Band) when you die you will be liable to pay Inheritance Tax at a rate of 40%.

It is easy to see how your tax can mount up, without careful planning.

Tax Planning Products

Recent changes allow your Nil Rate Band tax allowance to be ‘carried over’ to your spouse or registered Civil Partner. This means that on current thresholds, a total of £650,000 can be distributed tax free, assuming that everything went to the surviving spouse.

Many of our clients have estates in excess of £650,000 which includes properties, death in service, life insurance, savings and investments.

Estate Legacy Services have established bespoke Tax Planning Products that are tailored to each
individual’s specific needs to help reduce Inheritance Tax.

To find out more, please contact us.