News & Views

Prudential: Time is ticking

Inheritence Tax news news for Financial Advisers and Paraplanners

25 Jan 2018

Prudential: Time is ticking

As tax year end is almost upon us have your clients made the most of their Inheritance Tax (IHT) exemptions?

Did you know your clients can give as many individuals as they please £250 each. As long as the gift doesn't exceed this amount (even by a £1) it doesn’t count in their Inheritance Tax calculation. Handy if your clients have lots of grandchildren!

They are also entitled to gift up to £3,000 each tax year either as a lump sum or as part of a series of gifts. This comes in useful if your clients have a life policy in trust to cover their Inheritance Tax bill, as this can be used to cover some or all of the premiums to the plan.

Read the full article here.  

Email this article Print Share on Twitter Share on LinkedIn Share on Facebook Share on Google+


Not yet registered?

Please complete this form to join our community

Select your role:
Confirm Password

Visit the Prudential sponsor area

Read more Prudential articles and find out more about their Tools & Resources here..


Tax, Trust & ISA

do you like this article? If so join the Panacea community

Register for Panacea's free Bento email bulletin and other Panacea communications which include guides, whitepapers, events, special offers and new products!