Protection Insurance

What a £600,000 House Means for Inheritance Tax

As property values rise, more homeowners over 50 are finding themselves unintentionally exposed to inheritance tax. This article explores how a £600,000 home can affect IHT thresholds and outlines the strategies available to preserve intergenerational wealth through gifting, structuring, and timely financial planning.

Traditional red-brick detached house in the UK, representing property wealth and inheritance tax considerations for homeowners.

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A professional woman walks down a set of modern city steps while speaking on her mobile phone. Dressed in a navy coat and tailored attire, she appears focused and composed, representing the pace and demands of a legal career.

Protection Policy Review Secures Barrister Premium Cover and Long-Term Savings

In this case, we were introduced to a Barrister who had arranged critical illness and income protection policies before their financial and personal circumstances evolved, seeking an opportunity to optimise their cover.

A family gathered in a bright, modern kitchen during breakfast. A mother holds a coffee mug while talking to her children at the counter, where cereal, toast and fresh ingredients are laid out. A father prepares something in the background, symbolising a warm, secure family routine.

£3.5 Million Relevant Life Policy Secured for Company Director Delivering Over £41,000 in Tax Savings

This case demonstrates how a Relevant Life Policy can deliver both comprehensive life cover and substantial tax benefits for company directors.

An older gentleman sits comfortably in a patterned armchair, reading a hardcover book in a warmly lit study. His thoughtful expression and relaxed posture suggest a moment of reflection and security.

Inheritance Tax Planning: Life Cover Protects £2.5 Million Estate Gift from Potential IHT Liability

In this case, we were introduced by a professional accountant who was assisting a client with their inheritance tax strategy. The client held a long-standing family estate and had begun making significant gifts to their children as part of their broader estate planning approach.

Older man hugging son in a moment of gifting a living inheritance.

Securing Peace of Mind: Whole of Life Cover for Inheritance Tax Mitigation

When significant wealth has already been gifted, securing protection against future inheritance tax isn't just prudent, it's essential to preserving a family legacy. In a scenario like this, specialist advice isn't just helpful; it's often the only way to achieve the right outcome.

Older parent sharing a meaningful moment with children and grandchildren, symbolising the role of Potentially Exempt Transfers in thoughtful lifetime gifting

Potentially Exempt Transfers (PETs): A Complete Guide

What is a Potentially Exempt Transfer (PET)? A Potentially Exempt Transfer (PET) is a gift made during your lifetime that may become exempt from Inheritance Tax (IHT), if you survive for seven years after making the gift. This is a key part of...

Smiling mother and adult son embracing warmly in a sunlit park, symbolising the reassurance and legacy planning of Gift Inter Vivos Insurance

Gift Inter Vivos Insurance Policy: A Complete Guide

What is a Gift Inter Vivos Insurance Policy? A Gift Inter Vivos insurance policy is a specialist type of life insurance designed to cover the potential inheritance tax (IHT) liability that can arise when a person makes a large gift during their lifetime. Under...

Elderly couple walking in a park with their multigenerational family, symbolising legacy planning and Whole of Life Insurance benefits.

Whole of Life Insurance: A Complete Guide

What is Whole of Life Insurance? Whole of Life insurance, also known as lifetime cover, is a type of life insurance policy that guarantees a payout whenever you die, as long as you keep up with the premiums. Unlike term life insurance, which only covers you...

Does Home Insurance fully protect you?

Protection from unforeseen events and potential disasters Home insurance is essential when you move into a new property. It provides a crucial safety net that protects your most significant investment from unforeseen events and potential disasters. The importance of home insurance cannot be overstated, as it...

Henry Dannell Arranges Life Insurance to Mitigate IHT Liability on £18.5m of PETs Ahead of the UK Budget

CASE STUDY With the 2024 UK Budget tax reforms, high-net-worth individuals are understandably concerned about potential changes to the Inheritance Tax (IHT) system. These concerns are particularly heightened for those who have made significant potentially exempt transfers (PETs) to their children.