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There are ways to ensure that your wealth goes to those you want – and one of the most effective, is the “Gifts out of surplus income” rule.
Probate authorises someone to manage a deceased person’s estate according to their will or the rules of intestacy. What do you need to do?
The money your savings makes in interest could be subject to tax, and you might find that your thrift could land you with a tax bill.
IHT is charged at a fixed rate of 40%. But there are ways to avoid the IHT trap. We can work with you to avoid the inheritance tax grab.
Downsizing relief means that you could have a large cash sum to pass on and be able to avoid IHT liability on the first £1 million.
Households are already paying an extra £821 in tax. A total of 7.8million people will be paying tax at 40p in the pound by 2027.