Inheritance Tax planning in retirement

What topics are covered in this chapter?

Death duties have become a concern for an increasing number of people in recent decades as personal wealth has grown faster than Inheritance Tax (IHT) thresholds.

IHT is payable at a rate of 40 per cent on all assets on death, including those held in trust and gifts made within the preceding seven years, above the threshold (£325,000 in 2011/2012). This threshold is also known as the ‘nil rate band’.

Married couples and registered civil partners can increase their IHT threshold by double that amount if the executors or personal representatives of the deceased transfer the deceased’s nil rate band to the ...

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