Martin Lewis answers questions, on inheritance tax, energy prices and car finance.

The Autumn 2024 Budget confirmed that from 6 April, 2027, most unused pension funds and death benefits will be included in a ...

Sean McCann, from the insurer NFU Mutual, stated that currently a £2m estate of a single person with a £500,000 pension would face an inheritance tax bill of £600,000. From April next year, this bill ...

Full details are yet to be published. For now, the following points and questions arise: Who is eligible to claim the FIG basis of taxation? An individual must have been non-UK resident for a period ...

Families could pass on up to £1 million without paying inheritance tax, according to a new beginner’s guide from money expert Martin Lewis.

Dealing with a loved one’s estate can be difficult enough without HMRC questioning the paperwork. But checks into inheritance tax (IHT) are becoming more common as more families are drawn into paying ...

Inheritance tax is an expensive problem for an increasing number of families and the situation is about to get worse.

The RNRB is a £175,000 extra inheritance tax-free allowance per person for those leaving their main home to a direct descendant. It tapers away by £1 for every £2 that the estate exceeds the £2m ...

When a person dies, their property, money, and possessions may be subject to Inheritance Tax. However, there’s normally no Inheritance Tax to pay if the value of the estate is below the £325,000 ...

If you have taken out a life insurance policy to provide financial protection to your loved ones, the proceeds if a claim is made won’t usually be subject to income tax or Capital Gains Tax (CGT) – ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. The average person could be paying inheritance tax (IHT) on their parents’ estate by 2035 as ...