Free calculator
Inheritance tax calculator
How much inheritance tax could your family pay? Answer a few quick questions to get an estimate, including the effect of pensions coming into the estate from April 2027.
How inheritance tax is worked out
Inheritance tax is charged at 40 percent on the part of an estate above the available allowances. Everyone has a nil-rate band of 325,000 pounds. A residence nil-rate band of up to 175,000 pounds is added when a home goes to children or grandchildren, but it tapers away for estates over 2 million pounds. Married couples and civil partners can pass unused allowances to the survivor.
From 6 April 2027 most unused pension funds are expected to be included in the estate, which could mean many more families paying inheritance tax.
Important information
The Financial Conduct Authority does not regulate will writing, trusts, probate, estate planning or tax advice. Tax treatment depends on individual circumstances and may change in the future.
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Q&A
Questions & answers
How accurate is the inheritance tax calculator?
It gives an estimate based on the main allowances and the figures you enter. It does not include every relief, lifetime gifts, trusts or business and agricultural property relief. Your adviser can produce a full estate plan.
Are pensions included in my estate?
From 6 April 2027, most unused pension funds and death benefits are expected to count towards your estate for inheritance tax. The calculator lets you include or exclude them.
What is the residence nil-rate band taper?
For estates worth more than 2 million pounds, the residence nil-rate band is reduced by 1 pound for every 2 pounds over the threshold. A single person loses it entirely at 2.35 million pounds.
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