Inheritance Tax (IHT) is a key consideration in estate planning, affecting how your assets are passed to beneficiaries. Recent UK legislative changes include:
Threshold Freeze: The IHT threshold remains at £325,000, extended until 2030. Estates above this amount face a 40% tax on the excess.
Pension Inclusion: From April 2027, unspent pension funds will be included in your estate, potentially increasing its taxable value.
Agricultural and Business Property Relief: Effective April 2026, 100% relief will be capped at £1 million, with assets above this limit eligible for 50% relief, impacting the transfer of significant business or farm assets.
These changes may affect your financial plans. At Axis Wealth Management, our expert team can help you review and adjust your estate planning strategies to protect your legacy.
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Will Writing and advice on Lasting Powers of Attorney are not regulated by the Financial Conduct Authority.
Our services relate to certain investments whose prices are dependent on fluctuations in the financial markets beyond our control. Investments and the income from them may go down as well as up and you may get back less than the amount invested. Past performance cannot be used as a reliable prediction of future performance.
Axis Wealth Management Ltd is an appointed representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority. FCA number 460421