Advisers to estimate inheritance tax liabilities with calculator

Advisers can calculate IHT liabilities based on future estate value

Sahar Nazir
clock • 1 min read

HSBC Life has launched an inheritance tax (IHT) calculator for financial advisers to calculate liabilities based on future estate value and gifting plans.

Advisers will be able to choose from a range of options such as current IHT liabilities for clients, future liabilities based on increased asset values, and gifts already given and future gifting plans. Head of onshore bond distribution Mark Lambert said: "Advisers are seeing increasing demand for support with tax planning from clients and that increase will no doubt continue given the freeze in IHT nil rate bands and the growing number of clients becoming higher rate and additional rate taxpayers." The calculator will also offer guidance on IHT asset reliefs such as business relief a...

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 Your profession

Advisers see growing evidence of tax worries among clients

Advisers see growing evidence of tax worries among clients

Cost-of-living crisis sees clients struggling to pay tax bills

Sahar Nazir
clock 26 July 2024 • 1 min read
Feel Good Friday: MKC Wealth publishes children's books

Feel Good Friday: MKC Wealth publishes children's books

Aimed at teaching primary schoolchildren about managing money

Professional Adviser
clock 26 July 2024 • 1 min read
Special needs financial planning alliance set to launch

Special needs financial planning alliance set to launch

Exclusive: Alliance SENDFA will aim to tackle ‘skills gap’

Sahar Nazir
clock 25 July 2024 • 2 min read