Tax and pensions: Will it away
UK inheritance tax (IHT), at a headline rate of 40%, can be a heavy burden on a family following a death. But if you're married or in a registered civil partnership with a same-sex partner, you can ensure that your family does not pay more tax than necessary, looked at globally after both deaths. All it takes is some straightforward, co-ordinated planning in your respective wills. This assumes a standard textbook situation and gives a basic sketch of how some routine tricks can save the family money. Separate notes take a more detailed look at the broader spectrum of IHT and the allied concept of domicile, as well as the intestacy rules.
UK inheritance tax can drastically diminish the amount beneficiaries will receive upon your death. Edward Reed explains how to keep your assets in the family
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