Inheritance Tax (IHT) is often referred to as the ‘voluntary tax’. Despite this, the 40% charge made on death by HMRC affects thousands of families across the UK, especially those who have not put plans in place to reduce this bill.
You don’t have to be a millionaire to have an IHT problem. Many people prefer not to think about taxes that are due on their death, but getting expert advice could save you and your family a considerable sum of money. However, being aware of the potential problem is only the start. What you really need to do, is make sure you take some action now.