Page 4 - Finance North - E State Planning Service

Some We all know that ! ! ! ! ! ! ! ! ! !

basic everyone should have ! ! ! ! ! ! ! ! ! !

facts a Will yet 2 out of 3 ! ! ! ! ! ! ! ! ! !
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people do not have
! ! ! ! ! ! ! ! ! !
one, and those that ! ! ! ! ! ! ! ! ! !
have may not have ! ! ! ! ! ! ! ? ? ?
? ? ? ? ? ? ? ? ? ?
the correct Will in
? ? ? ? ? ? ? ? ? ?
place!
? ? ? ? ? ? ? ? ? ?
Over 35,000 homes every year are being

seized to pay for Long Term Care of which the

average cost is between £30,000 to £45,000

per annum dependant on the type of care

required and geographical location.

During the 2018-19 Tax Year HMRC took a

record £5.4bn in Inheritance Tax. A 3%

increase on the previous year and double the

amount taken in 2010-11.

The value of homes in the UK means more

people are above the £325,000 Nil Rate Band

threshold than ever before.

Amount paid in Inheritance Tax
6000

5000

Amount (£m) 4000

3000

2000

1000

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

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