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With the Tax Year end recently passed, the current exemption for Inheritance Tax has been increased to £300,000.
Whilst this is good news for many people, it still leaves many others with a potential tax bill left to their estate.
Think about how much the value of your assets are worth:-
- Your house
- Any other property you own
- Investments such as PEP'S, ISA's, National Savings and Stock Market shares
- Savings in Banks or Building Societies
- Life Assurance Policies
- Pension Policies
There are many ways to plan ahead and avoid this situation and if would like to look into the best way for you to avoid leaving a bill which is currently taxed at 40% (irrespective of your own personal tax rate) click here for more information.
