Inheritance Tax

Inheritance Tax used to be something only ‘wealthy’ people need to consider, but this is no longer the case. 

Although the change announced by the Chancellor in his pre-budget speech allows for the transfer of an unused allowance  to a surviving spouse, it is as important as ever to have an up to date will. And remember there is no change for single people, or divorced couples.

By making some simple provisions in your will the amount of inheritance tax payable can be significantly reduced. It is important to look at your own circumstances and seek advice.

• Use PDSA’s Inheritance Tax Calculator to see if your estate would be liable to pay inheritance tax.
  
• Unsure of what your home may be worth? Find out the value of recently sold houses in your area.
  
• For more information about Inheritence Tax download PDSA’s Inheritance Tax Guide, produced in association with leading law firm Withers to gain an insight into Inheritance Tax and find out what you can do about it.