What can you do about Inheritance Tax in the UK?

In this video, I discuss one of the most divisive yet misunderstood taxes in the UK today - Inheritance Tax. Whether you're planning for your own future or managing an elderly relative's estate, inheritance tax (IHT) can be a complex and often misunderstood aspect of financial planning.

With clear explanations and examples, this video simplifies the complexities of IHT and provides actionable insights to help you understand your tax liability. Whether you're managing a family estate or planning for a secure retirement, this video is a must watch for anyone looking to navigate the UK inheritance tax system effectively.
 
What you'll learn:

- Intro (00:00)
- Basic rules of inheritance tax in the UK (1:04)
- How the nil rate band works (1:47)
- The significance of the Residence Nil Rate Band (2:08)
- What assets count towards IHT (4:35)
- Effective strategies for reducing inheritance tax liability (5:24)
- The role of gifting, trusts, and Business Property Relief (BPR) (7:05)
- Importance of pensions in IHT planning (10:29)
- How life insurance can help cover IHT (11:45)
- The benefits of having a will (12:17)
- Outro (12:41)

If your question isn’t covered in this video, reach out to us directly by posting a comment. Thanks for watching!

 
About Me:

Hi, I’m Adam Walkom, and I started this channel to help you access the tools and techniques needed to plan for your financial success. My videos provide detailed and pragmatic steps for establishing savings plans, investment strategies, and long-term financial goals.

Join us on the journey to mastering your finances. Don't forget to like and subscribe for more expert insights from professional financial planners.
 

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DISCLAIMER:

This content is for educational and entertainment purposes only. Adam does not provide tax or investment advice. The information provided does not take into consideration the investment objectives, risk tolerance, or financial circumstances of any investor specifically and might not be suitable for everyone.

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