Myself and Mike Deverell recently published a case study showcasing how we helped a client.

Currently everyone has £325,000 that they can pass on free of inheritance tax, known as the Nil Rate Band. Anything above this is taxed at 40%.

Inheritance tax exemptions represent a great way to reduce the amount of inheritance tax to be paid on the value of your estate upon your death. Through careful planning, you can better ensure the assets you have worked so hard to accrue are passed on to the people of your choosing, and not the taxman.

Inheritance tax is important because it impacts the amount of money you can leave for your loved ones when you die, but how does it all work?