It isn’t something that anyone enjoys thinking about, however when the time comes, it’s important to have a plan in place. Every person has their own expectations as to what happens to their finances after they pass away and our team is here to ensure that this is executed as best as possible. For this reason, we have built our business on the foundation of taking the time to listen, assess and advise you on the most appropriate strategies for inheritance tax planning. Our inheritance tax advisers provide bespoke solutions that preserve your hard-earned assets.


In the event of your death, inheritance tax can end up costing your loved ones much more than you may anticipate, without specialist planning.  It is a tax on the transfer of assets, that you may have built up during your lifetime, which you then pass on. In normal circumstances, if the value of your estate is below the nil-rate band of £325,000, or everything above the threshold is left to your spouse or a charity, there will be no tax to be paid.

Your estate is built up of cash in the bank, investments, properties and businesses you own, vehicles, and any potential pay outs from life insurance policies. If the value of your estate is above the threshold, you may be liable for the tax rate of 40%. In order to ensure that your loved ones receive as much of your remaining assets as possible, inheritance tax planning is vital.

The main aim of inheritance tax mitigation is to reduce the value of your estate – the smaller your estate, the less tax you must pay. One way to reduce the size of your estate to below the nil-rate band is by gifting your money into a trust or utilising other investment options such as Business Property Relief and Enterprise Investment Scheme products.

Alternatively, you may prefer to downsize to a cheaper property, giving money to your children now instead of later. This means that your children will still benefit from the residence nil-rate band that applied to your previous home. You may also reduce your inheritance tax by releasing equity from your property.


At KLO Financial Services, we understand that thinking about death and the future can be daunting. However, with early preparation and planning, you can receive peace of mind knowing that your loved ones will receive the financial success and security you have worked for.

The threshold value for inheritance tax is still less than the value of many family homes. This means that without planning, your beneficiaries may be forced to sell assets such as the family home in order to pay the bill. However, with early planning and financial preparation, you can minimise your inheritance tax liability. In many cases, you can eradicate it completely.

When it comes to inheritance tax planning, our financial advisers will work with you to truly understand your financial assets and provide inheritance tax solutions that keep your family financially comfortable after you pass away.


Our experienced financial planners specialise in providing inheritance planning solutions, so working with us means that you can rest easy knowing your loved ones are protected from financial insecurity in the event of your death.

Our inheritance tax planners can assist you with:

  • Mitigation of tax liabilities
  • Reducing your estate
  • The legal expectations of inheritance tax
  • Gifting


After working all our lives for financial prosperity and security, it is only natural to want to pass down the fruits of our labour to the ones we love. At KLO Financial Services, we can help you achieve this goal. We listen, assess, and advise you on the most appropriate strategies for inheritance tax planning, preserving your hard-earned assets from any unnecessary inheritance tax liability.


Our inheritance tax advisers understand that every person has a unique financial situation, therefore you will require a solution that is tailored to you. At KLO Financial Services, we will listen to you in order to get an accurate picture of your financial situation allowing us to fully understand when and how your estate should be reduced.


Our inheritance tax advisers are always developing and constantly keeping up to date with current laws and legal obligations. This means that our financial advisers can always provide accurate inheritance tax planning advice that is fitting to the current governmental climate and law.


After listening and evaluating your financial situation, our experienced financial advisers will present the best inheritance tax planning options available and listen carefully to your feedback. We appreciate and respect the gravity of choosing how to protect your loved ones and want to make sure you are comfortable with your plan.

Contact Us Today

We are always eager and available to meet with you to discuss your financial objectives and assess your current strategies. No question is too big or too small. The first consultation is always free and comes with no obligation.

If you’re concerned about the potential inheritance tax amount on your estate, talk to a local financial adviser about rules on inheritance tax today. Get in touch by calling 01926 492406 or emailing


At KLO Financial Services, we share a passion for the importance of inheritance tax planning. Here are five benefits of inheritance tax planning, with the help of an expert financial adviser:

Increased Financial Protection

One of the primary benefits to inheritance tax planning is the increased financial protection you can supply for your family. After working for your own financial success, reducing your inheritance tax payment passes more of your estate onto the loved ones you leave behind. Passing away with no inheritance plan can create a plethora of financial and emotional problems for those you leave behind.

Less Worry

Another benefit to inheritance tax planning is that you can live without worry as you know that if anything were to happen to you, your wishes will be seamlessly carried out. The peace of mind given to you by knowing that those around you will not have the worry of financial burdens arising from your passing, makes inheritance planning completely worthwhile.

Improved Financial Understanding

Our inheritance tax planners will work for you, but they also work to educate you on existing government laws and regulations, as well as why and how certain inheritance tax reducing initiatives would be beneficial to you. By deepening your financial understanding, you will find it easier to measure your financial goals and make financial decisions in the future.

Increased Legal Protection

By using KLO Financial Services, you can rest assured knowing that all our independent financial planners are fully qualified and closely regulated. We can advise and implement the best course of action in order to reduce your inheritance tax bill, in a completely above board and legal way. This familiarity of the rules and laws of inheritance tax gives you the increased protection of our expertise throughout the entire process.

Reduced Legwork

Whilst using an inheritance tax planner still allows you to have a control of what happens to your estate, it takes away the stress of having to do large amounts of research, or time-consuming paperwork, as we do all of this for you. All our planners are experts within the changing landscape of financial services, ensuring that we find the best solution for you and your estate, with a much, or as a little, involvement from you as you wish.



Q1. Who is affected by inheritance tax?

There is often the misconception that only the very wealthy are affected by the inheritance tax. This, however, is incorrect. Increasing estate valuations mean that many people could be affected by inheritance tax without realising. From 2020, the new £1 million inheritance tax threshold only applies to married couples or civil partners. If you are single or divorced, the amount is halved.

Q2. What is the current inheritance tax threshold?

The current threshold is £325,000 for an individual and £650,000 for a married couple or civil partners. If you are widowed, the threshold may be £650,000 depending on how much of the allowance was used when your partner passed way.

Q3. Can I pass my nil rate band over to my partner if I die?

The simple answer is yes. Provisions introduced by the Finance Act in 2008 mean that survivors of a marriage or civil partnership have been able to claim their spouse’s unused nil-rate band on their death. The only factor that may affect this is how much of the available nil-rate band has been utilised.

Q4. What happens if I delay inheritance tax planning?

If you avoid making inheritance tax plans, your options could potentially be reduced, and costs could be increased. For example, a gift made to a beneficiary could potentially reduce your inheritance tax bill, but you must survive a minimum of seven years after for this to take full effect. If you die within this period, the inheritance tax liability still exists.

Q5. What are the gifts I can give away that are free from inheritance tax?

There are a few gifts you can give that are automatically exempt from inheritance tax. This includes any transfers between married couples or civil partners, UK registered charities, qualifying political parties and various national institutions.

There are also gifts exempt from inheritance tax, which includes small gifts up to the value of £250 in any one tax year. This can be given to as many people as you wish. As well as this, another amount of £3000 is annually exempt each tax year, which can be carried over to the following tax year. An exempt gift can also be given for a wedding – up to £5000 to a child and £2500 to a grandchild or great-grandchild and £1000 to anyone else.

Q6. Who will have to pay my Inheritance Tax bill?

Upon your death, your beneficiaries may be left with the inheritance tax bill that must be paid within six months from the date of your death. Once the liability has been paid, your beneficiaries receive access to the rest of your assets.