Inheritance tax is payable on nearly all assets such as property, shares and pension assets transferred upon death.
There is a common perception that inheritance planning is the domain of the super wealthy and those with highly complex business and financial lives. This is far from the case. Inheritance planning can benefit most people who have accumulated even a modest level of assets.
At SMP we focus on the financial planning aspect of inheritance planning. It may be necessary to also take specific tax and legal advice especially when complicated circumstances present or in the case of large estates.
We strongly recommend taking professional advice in planning for your future and that of your family. We are happy to assist and where appropriate will do so in association with other qualified and experience tax and legal professionals.
Scroll down the page for further resources.
INHERITANCE PLANNING RESOURCES
INHERITANCE TAX GUIDE 2020
We're curently updating the guide for 2020, click below to email a request for the finished guide
INHERITANCE TAX THRESHOLDS, RELIEFS AND EXEMPTIONS
This year's inheritance tax relief and exemption figures
INHERITANCE TAX CALCULATOR
A simple calculator to help estimate your inheritance tax liability
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