Savings & Investments

Inheritance Tax Planning calculator

Will Inheritance Tax affect you?

Try our calculator to give you an indication of how much Inheritance Tax you might be liable for above the £325,000* individual threshold. The calculator should be used as a guide only and you should seek advice regarding your own personal circumstances before undertaking any IHT mitigation planning.

How to use the calculator

  1. Enter the value of your assets (anything that you own, like savings, investments, property, life policies etc.) in the Assets tab.
  2. Enter your liabilities (anything you owe, like any outstanding mortgage or loans etc.) in the Liabilities tab.
  3. Click 'calculate' to work out your net asset value (i.e. your assets minus your liabilities)
  4. Then click 'calculate' again within the Results tab to give you an estimate of your potential inheritance tax liability.
What you currently own, e.g. any property, savings etc.

eg. your home, investment property


eg. bank or building society accounts


eg. stocks, shares, endowments


eg. car, jewellery, antiques


Next
What you currently owe, any mortgages or loans etc




eg. funeral expenses, outstanding bills



The total of your assets less any liabilities
Calculate

Calculate



We could help. We have dedicated Legal & General consultants avaliable to help reduce the potential impact of IHT. Why not book an appointment today either online or by visiting a branch.


*This is the nil rate band that applies to the 2009/2010 tax year.

Tax rate and reliefs are based on our current understanding of law and HM Revenue & Customs practice, which may be subject to change.

Not all forms of Inheritance Tax planning are regulated by the FSA.


Call us on 0845 1 200 100*

Got a question?

Live Chat Take our 3 minute mortgage check and find out if you could save money each month on your mortgage payments Great Cash ISA deals - Find out more

Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.

Get in touch with us:

Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).