#rathbones

2 stories

#inheritance tax #seven year rule #estate planning #fact file #funeral wishes #gifting #hmrc #nfu mutual #nil-rate band #pension #pensions #potentially exempt transfers

How to get your finances in order before you die
Create a will, update pension nominations, plan for inheritance tax, and outline funeral wishes to avoid family disputes after death.
MoneyWeek · 2m
Families lose £1 billion to inheritance tax on late gifts
Over 5,000 estates paid tax on gifts made too close to death, with the seven-year rule catching many families out.
MoneyWeek · 2m