Inheritance Tax Calculator
HMRC charges 40% tax on assets above your allowance. See how much your family could lose.
📉 How to reduce this to Zero?
A "Whole of Life" insurance policy, written in Trust, pays out a cash lump sum to your family tax-free. They use this cash to pay the HMRC bill immediately, keeping 100% of your assets intact.
🎁 What about the 7 Year Rule?
You can gift assets away tax-free, but you must survive for 7 years after the gift. If you die within 3 years, 40% tax is still due. Insurance covers this "risk period."
🏠 Can I just give my house to my kids?
Only if you move out and pay market rent to them. If you continue living there rent-free, it's a "Gift with Reservation of Benefit" and still counts towards your tax bill.
⏳ When is the tax bill due?
HMRC demands payment within 6 months of death. Executors often have to take out expensive loans or fire-sale properties to pay this before probate is granted.