The only thing worse in life is combining the two!
All your life you work hard and pay your taxes. But when you pass on the taxman will take a hefty 40% of anything you leave over £600,000.
This is called inheritance tax (ITH). A report by the Halifax in April this year found that more than two million homes were now worth more than £300,000. It said that if trends continued, 4.3 million homes would be worth more than the IHT threshold by 2020.
You can't take it with you - but you can make sure your loved ones do get it!
Efficient Inheritance Tax planning can make sure your assets go to those you intend it to, and not into the treasury's coffers.
