How can a trust help you with inheritance tax?
UK savers keen to limit the impact of inheritance tax on their estate often find that trusts can be a valuable option to consider. This is because, if specific conditions […]
Does the government plan to overturn Inheritance Tax?
This year, national headlines suggested that the UK Government was considering getting rid of Inheritance Tax, with the aim of appealing to specific voters hit hard by the mandatory levy.
UK charities petition for legacy income protection if IHT is abolished
The present Inheritance Tax (IHT) framework offers generous financial incentives for the practice of legacy giving, which is a growing revenue stream for charities based in Britain. As a result, […]
How can a protective policy ease the burden of IHT?
While wealth management teams often assist with investing and retirement, they can also advise on estate planning. As a result, Britons financially preparing for the day they pass away can […]
Figures reveal IHT receipts rise by a billion
New statistics released have showed that Inheritance tax (IHT) receipts have risen for the tax year running from April 2022 through to March 2023. Mostly due to property wealth, receipts […]
How to lessen the impact of inheritance tax
Tax is an issue that anyone who is earning reasonable amounts of money has to think about. Understandably though, people tend to focus most of their thoughts on the tax […]
Lessening the impact of IHT with a protective policy
Among the services offered by wealth management teams is estate planning, helping clients prepare financially for the end of their life and assisting those they leave behind. A key concern […]
Wealthy Britons may needlessly pay more IHT
A recent study has now revealed that over half of wealthy people in the UK have yet to discuss their inheritance plans with loved ones. Experts are now warning that […]
UK inheritors to face debt before IHT
Inheritance tax (IHT) is a mandatory government levy that must be paid by beneficiaries on a person’s estate when they die, if it exceeds the nil-band rate. Due to the […]
Southern inheritance tax bills dominated by property wealth
According to statistics from Her Majesty’s Revenue and Customs (HMRC), property comprised half of the wealth of London estates paying inheritance tax in the financial year 2019 to 2020. The […]
