Estate planning tool

Estimate your inheritance tax

Enter your assets, who you'd like to inherit, and any allowances that apply. You'll get a rough idea of the inheritance tax your estate might pay under current UK rules. Nothing you type is saved or sent anywhere.

1. Your assets

Asset (first row = your home)

Value £

Asset

Value £

Asset

Value £

Debts, mortgage & funeral costs £

2. Your beneficiaries

Name

Relationship

Share %

3. Allowances & exemptions

My home will pass to my children or grandchildren (residence nil-rate band)

Unused nil-rate band from late spouse %

Unused residence band from late spouse %

4. Gifts made in the last 7–14 years

Record each gift so we can check PETs and CLTs.

PET (potentially exempt transfer): an outright gift to a person — tax-free if you survive 7 years. CLT (chargeable lifetime transfer): usually a gift into a trust — may be taxed at 20% when made, and again on death within 7 years.

Gift 1

Amount £

Date of gift

To whom

Type of gift

Notes (optional)

The giver still uses or benefits from this (e.g. gave the house away but still lives in it rent-free)

Apply the £3,000 annual exemption (plus any unused amount from the previous tax year)

Include trust gifts from up to 14 years ago — they can still affect gifts made within the last 7 years. Small gifts (up to £250 per person), wedding gifts and regular gifts from surplus income may also be exempt — leave those out.

For general information only — not financial, tax or legal advice.

This tool gives a simplified illustration based on the 2026/27 nil-rate band (£325,000), residence nil-rate band (£175,000, tapered above £2m) and the 40% rate (36% where 10% or more goes to charity). It doesn't account for business or agricultural relief, ongoing trust charges, the pre-owned assets income tax charge, the "double charges" rules for gifts with reservation (simplified here), pensions (which may fall into estates from April 2027) or foreign assets. Rules and allowances can change. Always take advice from an appropriately qualified professional. Wills, trusts and estate planning are not regulated by the Financial Conduct Authority.

Want to learn more? Read our UK IHT planning guide.