Inheritance Tax Threshold

The inheritance tax threshold, or nil rate band, is the amount up to which the estate of a deceased person may be worth before inheritance tax is payable. The current inheritance tax threshold in the UK is £325,000 and it is likely to remain the same until 2015.

Paying 40% tax over the inheritance tax threshold

If your estate is worth in excess of the £325,000 inheritance tax threshold, any amount above this level will usually be taxed at 40%.

Reducing inheritance tax

There may be ways of reducing or avoiding inheritance tax, with the aid of careful financial planning. One way you may do this is by reducing your assets before death by gifting to friends and relatives or making donations to charity, find out more by visiting out Inheritance Tax Gifts page.

Professional advice

For tailored advice on how the inheritance tax threshold may affect your assets in the event of your death, speak to a member of an independent inheritance tax planning advice team for a no obligation free initial consultation.

Inheritance Tax Planning Advice