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Maximum Inheritance Warns That Frozen Thresholds Are Pulling Ordinary UK Families into Inheritance Tax Without Warning
Maximum Inheritance says frozen allowances and new relief limits are pushing more ordinary estates above the 40% inheritance tax charge.
- On Saturday, Maximum Inheritance urged families across England and Wales to review their inheritance tax position, warning that a long-frozen threshold is catching more ordinary estates in the United Kingdom.
- The nil-rate band, set by HMRC at £325,000, has remained unchanged since 6 April 2009 and is scheduled to stay fixed until 5 April 2031, allowing rising property values to push estates above the threshold without policy changes.
- Under the Finance Act, 100% relief on business and agricultural assets was capped from 6 April 2026, with excess relief reduced to 50%; unused pension funds face inclusion in estates starting 6 April 2027.
- Anything exceeding the threshold faces a 40% tax charge; estate planning and inheritance tax specialist Ade Oduyemi notes families often remain unaware of their liability until after death, when mitigation options have narrowed considerably.
- Comparing estate planning to "sorting out your buildings insurance," Oduyemi emphasizes that proactive management enables strategies like lifetime gifting to establish current exposure and mitigate future tax liabilities before options narrow.
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Maximum Inheritance Warns That Frozen Thresholds Are Pulling Ordinary UK Families into Inheritance Tax Without Warning
·Washington, United States
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Total News Sources51
Leaning Left4Leaning Right2Center36Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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