Inheritance tax planning

Failing to leave a will can leave your dependents with financial problems and stress that could easily be avoided. The high value of property today means that more people are liable to Inheritance Tax.

If your house, savings and other worldwide assets are worth more than £325,000 (tax year 2022/23), the Tax Man could be one of your beneficiaries. In fact, he could be the biggest.

Through Inheritance Tax, he will want 40% of everything above this amount. He will want it from your children and any other beneficiaries.

This does not have to be the case as the effect of Inheritance Tax can be easily and greatly reduced. We have over 20 years’ experience in offering advice and help with Inheritance Tax mitigation. In fact, most of our clients pay no inheritance tax!

To help with your tax planning and to prevent the Tax Man taking the largest share of your estate, we are happy to share our considerable knowledge with you, free of charge and with no obligation.

There are many solutions which have already been of benefit to many of our clients, which can help you to keep in control of your assets while saving this voluntary tax along with how to ring-fence money to save for your care needs in later life.

Not all products/services used in Inheritance Tax Planning are regulated by the FCA.

Residential Nil Rate Band

From 6th April 2017 the government introduced an additional nil rate band for Inheritance Tax Planning purposes called the Residential Nil Rate Band (RNRB). The RNRB is generally available if a person’s estate includes their home which is left to their children, or other direct descendants. It is based on the value of of the home in the estate.

The NRB is £325,000 and the RNRB rate is £175,000 until the end of the 2025/26 tax year. Ask us for more information.

Not all products/services used in Inheritance Tax Planning are regulated by the FCA.


To find out more about how we can help with your investments, pop in to our Norwich office. Alternatively, we are happy to come and visit you in your Norfolk home or office. Just get in touch to arrange an appointment.