Managing inherited wealth
Receiving an inheritance can bring a mix of emotions, especially as you adapt to life without your loved one. Inheritance advice helps you make the most of the legacy you’ve been given - simplifying the process with expertise and understanding and protecting your inheritance.
Making an inheritance work for you
When you’re deciding how to manage your inherited wealth, professional guidance can make all the difference. You’ll receive clarity on your next steps, understand the impact of your newfound wealth, and see your options to grow and protect your inheritance from unnecessary taxation or inflation.
Your dedicated Wealth Planner will start by providing you with a comprehensive wealth strategy. This involves a thorough review of your circumstances, where we build a cash flow model to show how we can manage your inheritance to the best effect. Making sure your loved one’s gift fulfils its potential, without creating extra pressure for you.
How we can help
Our experts examine your finances and help you plan for the future, so you can make the most of your inheritance.
Wealth planning
Feel more confident in your future, as our experts bring clarity to your finances.
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Investment management
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Learn moreCommon questions on managing inherited wealth
Inherited wealth may be subject to inheritance tax (IHT) if the estate is worth more than the £325,000 threshold. The standard IHT rate is 40%, which is applied to anything over that threshold, although there are a few different exemptions and reliefs that can reduce that liability. For instance, transfers to a spouse or civil partner are typically exempt from IHT.
Your Wealth Planner can help you review the estate’s value and put the right inheritance financial planning in place to make sure you don’t pay more IHT than you need to on an estate. Or, if you want a quick answer, we have an IHT calculator that can provide you with a rough estimate of the amount of IHT you might pay on an estate.
Normally, IHT is due within six months of the end of the month in which the person passed away. If it’s not paid on time, HMRC may charge interest. Planning ahead with inheritance advice can help reduce the tax burden on you.
Inherited investments themselves aren’t subject to tax immediately, but any income or capital gains they make after inheritance may be taxable. For example, dividends or interest from inherited stocks are taxable as income. Plus, if you sell inherited assets, you may be liable for Capital Gains Tax (CGT) if their value has increased since you inherited them.
