Unfortunately, upon your death the beneficiaries of your estate will be subject to Inheritance Tax on any value above the Nil Rate Band (NRB). There are, however, measures you can take to minimise the amount of tax your estate may be liable to upon your death. The less tax paid, the better; more of your estate goes to your beneficiaries and not the tax man.
With the government taking 40% of everything over the Nil Rate Band (NRB) your estate could be subject to a significant tax bill upon your death. There are ways to minimize inheritance tax and make sure that your chosen beneficiaries receive the maximum amount available from your estate. Achieving this relies heavily on future planning, as altering things post death is very difficult. Speak to one of our expert advisors today to find out how we can help you minimise your inheritance tax bill.
INHERITANCE TAX PLANNING IS NOT REGULATED BY THE FCA.