You are here: Home - Uncategorized -

Inheritance tax will catch one in three

0
Written by:
03/02/2006

A third of UK homeowners will now be subject to 40% inheritance tax, according to a survey by Scottish Widows.

The bank claims that 8.2 million people – 34% of homeowners – have assets worth more than the £275,000 threshold for the tax.

However, most were unaware of the limit and 73% of those liable to pay the tax had done nothing to minimise their bill.

“This is a tax you can do something about,” said financial expert Martin Cunningham. “Making a will can help and leaving property in a trust is another way of cutting the debt. Talk to an adviser to make the most of the concessions on offer.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

Spreadbetting hub

Click here to find out everything you need to know about spreadbetting

Is your mortgage fully protected with critical illness?

For a free quote or to speak with an insurance expert call 0800 1218744

Guide for First-Time Buyers

Download our free, handy guide for first-time buyers, produced in association with the Post Office.

BNY Mellon launches investment guide for women

BNY Mellon has produced a free ‘Guide to Investing for Women' to provide an introduction to investing and lo...

Your ultimate guide to the new ISA rules

As the new ISA – or "NISA" – rules come into force, we explain what has changed and how you can benefit.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Shopping for the best rate can help your savings build over time.

Top tips for protecting yourself online

One in six adults has fallen victim to a cyber-attack, according to new research from Experian.

BLOG: Top tips for would-be entrepreneurs

As Global Entrepreneurship Week draws to a close James Benamor teaches Your Money how to get a business off th...

Stock tips from top fund manager: IP Group

James Henderson, manager of the Lowland Investment Company and Henderson Opportunities Trust, selects IP Group...

Speak to an Adviser

Do you need help with your finances? If you need quality independent financial advice, click here.

Money Tips of the Week

Close