My Macmillan

Inheritance Tax Calculator

  • Please note that this calculator is intended to provide only a basic guide to your Inheritance Tax liability and is for illustration purposes only. The rules around inheritance tax are very complicated and your individual circumstances will affect your liability overall. You are therefore advised to seek specialist financial advice for a more detailed and accurate position on your personal circumstances.
  • Anyone who leaves 10% or more of their estate to a charity may be able to pay a reduced rate of inheritance tax of 36%, rather than 40%.

Your Estate is worth:

Enter value in £

Your home

£

Bank accounts

£
eg. bank, building society accounts

Savings & investments

£
eg. shares or premium bonds

Other assets

£
eg. cars, second home, other possessions

Life assurance

£
eg. life assurance and term assurance
Are you married?

The transfer of assets between married couples and civil partners is not subject to inheritance tax. So if a single partner dies the other partner will retain all the assets without being taxed. If the second partner then dies the combined tax free allowance can be as much as £650,000 before inheritance tax is due.

You still owe:

Enter value in £

Outstanding mortgages

£

Overdrafts

£

Credit cards and loans

£

Other debts

£
eg. such as household bills, funeral expenses

Your assets

£ 0.00

Your liabilities

£ 0.00

Net value of estate

£ 0.00

Tax-free allowance

£ 325,000.00

Your taxable estate

£ 0.00

Your potential inheritance tax bill

£ 0.00