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How Much Inheritance Tax Will You Really Pay? | Lumin Wealth
Inheritance Tax can be one of the biggest financial considerations when planning for the future. But how does Inheritance Tax actually work, how much could you have to pay, and what can you do to reduce your potential liability?
In this episode of Financial Illumination, Alan Pereira and Harvey Armstrong explain Inheritance Tax in simple terms, including how estates are valued, the nil rate band, residence nil rate band, spousal exemptions and the 7-year gifting rule.
They also explore Inheritance Tax planning strategies including gifting, life insurance, trusts and Business Relief, before…
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