Cost of dying with IHT hits £225k in UK as Spring Statement fuels concern - IFA Magazine

Cost of dying with IHT hits £225k in UK as Spring Statement fuels concern - IFA Magazine

New data reveals that London residents face the UK’s highest end-of-life costs, with combined funeral expenses and inheritance tax liabilities averaging over £286,000 per estate. Around £8.3bn is expected to be claimed in inheritance tax in 2025, a figure that’s increasing year-on-year. From the beginning of April 2027 estates that fall into the £325,000 inheritance tax threshold will be expected to pay a 40% tax. With this in mind, pensions adv…