Inheritance tax is paid at a rate of 40pc on assets worth more than £325,000, with an additional £175,000 for anyone passing ...

The grieving process is always challenging. But for many families, the slow legal process of distributing an inheritance compounds emotional pain with financial uncertainty. When pressing needs for ...

Navigating taxes after inheriting assets can be complex. Legal heirs can file the deceased's tax returns and receive refunds, ...

The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary income rates under the income tax. In a recent column, I discussed how the federal tax code has ...

Looming inheritance tax changes will limit how much pension wealth can be passed on but more people may now be maxing out their loved ones’ JISA allowance instead.

Money in tax-deferred accounts comes with strings that heirs often aren’t expecting ...

Reforms to pensions and inheritance tax risk creating delays, extra costs and serious stress for families, professionals and ...

The biggest inheritance tax advantages comes from a simple seven-year rule. According to the government, if the person setting up the trust lives for at least seven years after transferring the assets ...

A growing numbers of families are being pulled into the inheritance tax net as thresholds remain frozen at £325,000.

Inheriting money can be overwhelming. A financial expert explains when to wait, how to plan, and smart first steps to protect ...

A single life event like an inheritance or home sale can complicate your tax situation. Some of these tax triggers may change what you owe if you don't act.

More families are setting up trusts to avoid paying inheritance tax, figures from HMRC suggest.