This estimate is for education only. When arranging protection, many families choose to allow a modest safety margin to cover valuation uncertainty, professional costs, interest, and future legislative or policy change. A 10% allowance is often inexpensive compared with the consequences of being short of liquidity when it is needed.
This is an illustrative calculation based on standard IHT rates and allowances as of January 2025. Your actual liability may differ based on various factors including the specific nature of your business assets, agricultural property relief, gifts made during your lifetime, and other exemptions.
Pensions & IHT (from April 2027): Unused pension funds and death benefits will be included in your estate for IHT purposes. This could significantly increase your IHT liability if you have substantial pension savings.
Legislation Changes: IHT rules are subject to frequent change. The BPR rules referenced in this calculation reflect recent government announcements, but these may be amended before or after implementation. Regular review of your estate plan is essential.
Don't leave it to chance: Speak to an expert to ensure your estate plan stays up to date with the latest rules and maximises the reliefs available to you.
This calculator provides an illustrative estimate for guidance only and should not be considered financial, legal, or tax advice. Actual IHT liability can vary significantly based on many factors including timing of gifts, exemptions, reliefs (such as Business Property Relief), and changing legislation.
Always consult a specialist tax accountant or solicitor for accurate, personalised advice tailored to your specific circumstances. They can assess your complete financial picture and ensure you take advantage of all available reliefs and exemptions. We focus solely on the protection element — working alongside your trusted advisers, not replacing them.