Inheritance Tax Relief
Currently, taxable estates worth more than £325,000 are subject to 40% inheritance tax (IHT). Options to mitigate IHT often include complex trusts and gifting assets (thereby losing control of capital), which may require an individual to live up to a further seven years for full IHT relief to be obtained on the estate.
Our estate planning solutions provides investors with the opportunity to obtain full IHT relief on their subscriptions after only two years. In addition, we also provide an insurance policy that covers the first 20% of any net loss on death under 90 years during a minimum of the first two years – with no medical questionnaires or exclusions for pre-existing conditions.
The relief you get depends on your individual circumstances and the tax rules may change in future. HM Revenue & Customs law and practice can change over time and investors who are unsure about their tax status should get independent advice from a professional adviser.
Find out more about inheritance tax in our Guide to IHT.
We know inheritance tax can be a difficult subject for your clients to understand, so we have created this IHT calculator to provide you with an estimate on the tax that may be due on your client’s estate.