Millionaires make donations to charity in their Wills

Posted on 6th October 2025

Millionaires can leave items of value like fast cars to charity in their Will.

Generally, the UK’s high net worth individuals (HNWIs) have investable assets of over £1million or annual income of over £300,000.

These are the people we would once have called ‘millionaires’, which certainly excludes most of us. However, it’s estimated there are over 3million in the UK.

Can we transfer our home to our children to reduce IHT?

Posted on 15th August 2025

As house prices increase but Inheritance Tax (IHT) thresholds remain frozen, families want to reduce their tax liabilities.

YOu can leave your fmaily home to your direct decendants and receive additional releif from Inheritance Tax.

Will the Autumn Budget increase tax on your inheritance?

Posted on 30th July 2025

Captial Gains Tax and other changes in the Autumn 2025 budget could affect your inheritance.

We expect the Autumn Budget in late October or early November. It might introduce tax changes that will affect your inheritance when a loved one dies.

Later life finances and Inheritance Tax

Posted on 16th June 2025

Once you reach your 50s, you’ll probably discover raising a mortgage becomes more difficult. One alternative might be to release equity from your home, but other options are available.

Borrowing money against your family home is just one option for your later life.

Gifts from surplus income

Posted on 28th May 2025

If you have some spare cash each month you can give regular gifts to loved ones to help reduce you IHT liability.

Very few people take advantage of inheritance tax rules that allow you to make gifts from your surplus income. That’s according to recent results of a Freedom of Information (FOI) request.

This information shows that only 1,500 estates, about 2%, made gifts using this rule in the last three years. However, following government pension reforms, this could change.

Pension pots and Inheritance Tax – changes in 2027

Posted on 13th February 2025

At 40%, Inheritance Tax or IHT can have a significant impact for the beneficiaries of your estate when you die. By 2032/33 one in eight estates may pay IHT when a surviving spouse or civil partner dies.

Your pension piggy bank might be broken due to inheritance tax changes.

The impact of the Autumn Budget’s Inheritance Tax changes for families

Posted on 11th November 2024

Inheritance Tax (IHT) decisions in the Autumn Budget will probably change financial arrangements for many families.

Currently IHT affects about one in 20 or 4% of estates each year but by 2032 this is expected to increase to 7%. Parents might start passing on assets to their children much earlier to minimise IHT liabilities.

Family homes form a large part of estates when people die, adding to Inheritance Tax liabilities.

Will the budget abolish the residence nil rate band for inheritance tax?

Posted on 11th October 2024

Abolishing the £175,000 residence nil-rate band (RNRB) is a possibility in the budget on 30th October. The government might also consider other amendments to the inheritance tax (IHT) system.

House prices are going up but inheritance tax thresholds are unchanged so more families must pay.

New guidance on help to pay inheritance tax

Posted on 28th May 2024

Even if your family home is a cute countryside cottage inheritance tax might still be use when you die.

HM Revenues and Customs (HMRC) has published guidance on applying for a grant on credit for Inheritance Tax (IHT) payments.

There have also been updates to the tax rules and processes affecting trusts and estates.

No changes in the Spring Budget for IHT

Posted on 25th March 2024

The Spring Budget announced to the uK parliament didn't include amendments to IHT

There were a lot of rumours ahead of the Spring Budget on 6th March about changes to inheritance tax (IHT).

Action was expected to make sure policy was clear ahead of the General Election later this year.

However, nothing was mentioned, leaving the government’s position unspecified despite other tax changes such as National Insurance Contributions (NICs). There were also changes to Child Benefit and VAT registration.

Posts tagged “inheritance tax”

Millionaires make donations to charity in their Wills

Can we transfer our home to our children to reduce IHT?

Will the Autumn Budget increase tax on your inheritance?

Later life finances and Inheritance Tax

Gifts from surplus income

Pension pots and Inheritance Tax – changes in 2027

The impact of the Autumn Budget’s Inheritance Tax changes for families

Will the budget abolish the residence nil rate band for inheritance tax?

New guidance on help to pay inheritance tax

No changes in the Spring Budget for IHT

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