How tax needn't be taxing

clock

Paul Latham takes a look at tax-efficient investments that are suitable for retirement planning

Anyone thinking that inheritance tax is a headache solely for the wealthy should think again. Every year more people are finding that their personal estate is valued in excess of the current inheritance tax nil-rate band (NRB) of £325,000. When they die, anything valued over and above this amount could be taxed at a rate of 40%. So, if a person leaves behind an estate (their home and investments, for example) worth £500,000, without any inheritance tax planning in place the taxman will help himself to £70,000 of that estate. This could mean serious financial hardship for the family...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Gifting: Who should make the gift?

Gifting: Who should make the gift?

'Advisers should take a broader view of the family balance sheet'

Ken Maxwell
clock 10 April 2026 • 4 min read
Roddy Munro: IHT on pensions sees estate planning take centre stage

Roddy Munro: IHT on pensions sees estate planning take centre stage

'Many recognise that existing planning frameworks are no longer sufficient'

Roddy Munro
clock 09 April 2026 • 4 min read
Aberdeen Adviser launches trust service on Wrap platform

Aberdeen Adviser launches trust service on Wrap platform

To help advisers deal with the £7trn great wealth transfer

Isabel Baxter
clock 27 March 2026 • 2 min read