When discussing your client’s future, it is advisable for you to factor in an assessment of your clients estates including property, possessions and money to understand what Inheritance Tax (IHT) implications may apply.

To help your clients understand what this means, we have updated our Wealth client infographic which includes a collection of statistics and figures on Inheritance Tax to help you highlight the need for clients to plan for their future.

5 KEY FACTS ON INHERITANCE TAX

  1. The average Inheritance Tax bill is over £150,0001
  2. £4.98 billion1 was the amount paid in inheritance tax in 2016/2017 tax year
  3. 40% of the tax bill is made up from assets in cars, savings, investments, jewellery1
  4. Half of all inheritance tax paid is from London and the South East2
  5. Inheritance Tax is due at the end of the six months after death, with probate taking up to a year or perhaps longer depending on the case3

To download the infographic click here