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How does the 2021 autumn budget affect inheritance tax?

The inheritance tax nil rate band will remain unchanged at £325,000 in tax year 2022/23.

There are many other factors to consider when assessing your liability to inheritance tax.  So, it is crucial to take expert advice on inheritance tax planning, as the rules are complicated and the consequences of doing the wrong thing can be catastrophic.

Farrell Financial Planning provide independent advice on inheritance tax planning.

It is important to take independent financial advice before making any investment decisions.

All information is based on Farrell Financial Planning’s understanding of UK law & HMRC practice in the UK. Tax and legislation are subject to change.

All information is correct as at 27/10/21.

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