Stage Financial

Inheritance Tax Planning


IHT Planning Means Looking After Your Heirs

Howard Morgan’s qualifications are a perfect fit for this important and intricate aspect of personal financial planning.

You’ve worked hard for your money, so you’ll want to make sure that it is passed on in the most tax-efficient way possible. This is basically what Inheritance Tax Planning is all about and I’ve been helping clients in Twickenham, St Margaret’s, Isleworth and Teddington to do just that.

What is UK Tax Inheritance?

It is a tax levied by the UK Government on your estate when you die. If your estate is within the Nil Rate Band, then you will have no tax to pay, but if it’s over then there will be money to pay. The current Nil Band rate is £325,000, which was set a while ago and has not kept pace with current house prices, which had led people being caught unawares.

Tax Inheritance rules

The current figures are:

  • Nil Rate Band (NRB): £325,000
  • Property Nil Rate Band (PNRB): £175,000

This is applied when the main residence is given to your children or grandchildren. So if you go down this route, the two sums are combined giving a threshold of £500,000 before you pay any Inheritance Tax.

Inheritance Tax: 40% of the value of your estate over and above the NRB and PNRB. You will need to pay this within six months, for tax still owing after this time period HMRC will apply a 3% levy.

No Inheritance Tax is applied to money, property, and assets left from one spouse or civil partner to the other. This gives a couple an available nil rate allowance of up to £650,000, which when you take the PNRB into consideration an allowance of £1,000,000.

Getting your estate in order

Most importantly you need to have your will and Lasting Power of Attorney in place, then it all comes down to your personal situation. You need to ask, who do I want to benefit from my estate; you then need to assess your capital and income needs for the present and the future.

Having pinpointed these areas, I can help you set up your finances in a tax-efficient manner for both yourself and your beneficiaries.

How Stage Financial can help

These critical financial decisions for Inheritance Tax Planning need a blend of industry expertise and an ability to understand your personal situation, at Stage Financial we can offer both.

So please get in touch to discuss how Stage Financial can help you plan for our future.


  • Inheritance tax planning is not regulated by the Financial Conduct Authority.
  • The value of pensions and investments and the income they produce can fall as well as rise. Therefore, you may get back less than you invested. 
  • The Financial Conduct Authority does not regulate advice on estate planning and some forms of taxation.
  • Tax treatment varies according to individual circumstances and is subject to change.

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