Displaying articles by tag: minimising inheritance tax

How to prevent your Life Insurance increasing your IHT

Taking out life insurance is something many of us do to protect our families in the event of our death.  However, doing so can unwittingly tip your Estate over the inheritance tax threshold, and mean that your beneficiaries will have to pay HMRC a chunk of the money you had intended them to receive. Solicitor…

Minimising inheritance tax with lifetime gifts

Will Inheritance tax apply to me? Many people do not consider themselves to be wealthy enough to be affected by inheritance tax and unfortunately get caught out by life’s final taxation. With over 28,000 Estates liable for inheritance tax in 2016-17, it’s worth looking at ways to legally minimise the amount of inheritance tax your…