Inheritance Tax (IHT) Advice

Inheritance Tax (IHT) Advice

Check out our

Talis Wealth Preservation Guide


Talis Tax Guide

See also Talis News May June 2019

“£4.7 billion was paid in inheritance tax in 2016/17” Projected to rise to £5.2bn in 2017/18 (Office for Budget Responsibility 2017)

“74% of people aren’t informed about inheritance tax” (

If you are married and your joint net worth is in excess of £650,000 there may be IHT to pay at 40% on any excess on the 2nd death.

If you are not married and die worth over £325,000 your estate will have to pay 40% inheritance tax on the the excess. UK tax law does not recognise “common-law” marriage so IHT planning is particularly important for co-habiting couples.

The are things you can do yourself to minimise IHT’s impact on your family. Follow Inheritance Tax Planning Tips for some suggestions.

Financial advisers generally offer 2 strategies for reducing client IHT bills:

  • Gift and loan plans
  • Discounted gift arrangements

Both have their place but generally offer an income fixed at outset at a maximum of 5% of initial investment and no access to capital.

We have strategies that allow flexible income and access to capital and those that place money outside of the estate within 2 years.

If the inflexibility of  other solutions has deterred you from making plans to date, these new flexible options might just be right for you.

It is never too late!  We also offer a “deathbed planning” solution which means that we may have a solution even for those who think they may have left it too late.

The three parts of a financial adviser’s job are assisting with wealth creation, then with wealth consolidation and finally wealth distribution. Effectively ensuring that money is in the right hands at the right time.We recognise 4 main client profiles when dealing with IHT. They usually all start with “I worked hard all my life…” and finish with…

  1. So that my kids can have a better start than I ever did. So  I want to plan carefully to pass my wealth down the generations.
  2. No one gave me anything so I don’t see why I should do anything to actively pass money down the generations.
  3. I don’t really care who gets my money – as long as it is NOT HMRC!
  4. I don’t have anyone to leave money to so this is not something I am interested in.

see also Inheritance Tax Planning Kent

All are perfectly reasonable attitudes to have but each requires a different strategy. Contact Us now to start a plan that will not leave your beneficiaries with a huge tax bill on your death.

Request a Call Back

If you'd like us to call you back please complete the form and we'll be in touch as soon as possible.