You are here: Home - Uncategorized -

Inheritance tax will catch one in three

Written by:

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.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

After an award-winning health insurance provider?

Winner of best online health care provider in the Awards 2015

Guide to valuations and surveys

Do you need a vanilla valuation or a survey with a fringe on top? Martyn Stones explains the different types o...

A guide to picking the right credit card

To mark the 50th anniversary of Britain's first credit card, here's a handy guide to help you figure out which...

A guide to choosing a children’s savings account

Whether you want to get your kids into the savings habit or just want to start building up a nest egg, there's...

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

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Credit cards can cause confusion

The interest rates quoted by credit card companies often mislead people, consumer group Which? has found.