Home Business Why you must 'reflect' on life insurance to fund IHT bill

Why you must 'reflect' on life insurance to fund IHT bill

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INHERITANCE TAX is what is payable on one’s estate and everyone has a threshold of £325,000 without paying the tax. If passing the estate to a spouse, IHT also won’t need to be paid. But in situations that an estate may be liable for IHT, people may want to reflect on their life insurance or take it out later in life because it could help fund their bill.

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