How to avoid these inheritance tax traps

William Edwards from our Private Client team recently spoke to The Sunday Times Money supplement for the third part of their new years’ guide to getting your life in order, looking at how you can help to stop your loved ones from getting a large inheritance tax bill.

Inheritance tax was once reserved for the super-wealthy, but ordinary families are expected to hand over a record share of their estates to the taxman this year…

William Edwards from the law firm Edwin Coe said: “When you nominate the beneficiaries of your pension with your provider you can specify different people depending on whether you die before the age of 75 or after. It can be good tax planning to nominate beneficiaries who pay a lower rate of income tax in the event you die after 75…”

Read the full article in The Sunday Times (subscription may be required).