Not many people realise this: you don’t have to be super-rich to be caught by inheritance tax (IHT).

Generally, 40% IHT could kick in once your estate is worth over £325,000 (your estate includes your home, savings, investments and also your ISA). There are various allowances, so a married couple could potentially leave £1 million IHT free. But where allowances other than the standard nil-rate band don’t apply, a £1 million estate could attract an IHT bill of up to £270,000. 

To put this in perspective, HMRC collected a record £5.5 billion in IHT in 2021/22 (to February 2022). With the five-year freeze on inheritance tax nil-rate bands announced in the March 2021 Budget, IHT receipts are forecast to reach an all-time high of £6.6 billion by 2026, with the number of estates liable for the tax set to double.

That said, there are ways to start to mitigate – even completely eliminate – IHT liabilities.

In this section, you will find a host of free resources that explain how IHT works and what you could do to mitigate it, as well as information on investment opportunities that experienced investors are increasingly using to pass on more of their wealth. 

Please remember, the opportunities covered in these pages are high risk and you could lose the amount you invest. Tax rules can change and benefits depend on circumstances.