In addition to the threats posed to personal and family wealth by a lack of planning, ageing, and ill health, there are significant threats posed by the statutory requirements of the Law and Tax rules. There is a hugely significant threat from Inheritance Tax ( IHT ). Considerable rises in property values over the past 25 years, along with multiple governments simultaneously failing to increase the IHT Nil Rate Band ( NRB is a ceiling below which IHT is not payable ), in line with increases in property values, Inheritance Tax has evolved from being a concern for the wealthy in our society, to one which is now widespread throughout the UK.

IHT is a levy paid on your estate after death on anything over the NRB, which is currently £325,000 per person. This has been frozen for the next 4 years by the government until a review in 2015 when it may or may not be increased. If you are single, any value in your estate above £325,000 is taxed at a rate of 40%. For married couples both NRB's are added together giving a tax free allowance of £650,000. Remember, the right action now will protect you and your wealth, help and benefit those you love, and give you peace of mind.

  • The Government take in almost £3billion every year from Inheritance Tax
  • If you have three children and an estate of £1M the government will be your biggest beneficiary
  • The Treasury has admitted that 50% of typical Inheritance Tax collected could be avoided with staightforward tax planning
  • We can help you to mitigate your IHT liability so contact our Estate Planning Team today
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