Guide: Inheritance tax

In this guide we explain what Inheritance Tax is, who pays it and when it is paid. We also look at several ways to manage or reduce an Inheritance Tax bill, from using your various allowances to making gifts and setting up life insurance to cover the bill.

In this guide:

• What Inheritance Tax is and the allowances and rules surrounding it
• How to find out if you will leave behind a tax bill
• How you can reduce and manage an Inheritance Tax bill