Killik Explains: Five ways to reduce inheritance tax 

We are now having to go through this with my fathers estate. We are in NZ which doesn’t help. The UK inheritance tax is a disgusting double dip of tax on people who have saved all of their lives and that saved money has already been taxed? So what does that boil down to then about 70% tax all in all after both tax deductions. One at the time of earning and the other when it has to be divided up re inheritance tax deductions. Disgusting taxation. Even if my dad gifts to us the only way he avoids tax is if he stays alive for another 7 years or we will have to set aside 40% in tax if he does die. All Govts are great at taking money away from the public and spending it on garbage and dossers.

Good video. There are so many ways to avoid IHT. My favourite one is NOT using defined contribution pensions for retirement and as iht-exempt tools instead.

Great video

What about using a specialist life insurance policy?

Can't fins your video about excempt gifts for IHT.

What possibilities is there to avoid iht after they have passed. And left the estate to the two children

Whatever you build and pay for with taxed income during your life is still 40% owned by the government. Did you think income tax, national insurance and VAT were it? 🤔

What about making a will?

You say that IHT as to be paid 6 months after probate. But you cant be granted probate until you pay IHT.. this is what is says on the .GOV site... confused