What is Inheritance Tax?

me&my one step ahead

What is IHT?

Inheritance Tax (IHT) is affecting more and more of us, not just the super-rich.

"So does it affect me?"

Well, yes, if your estate is worth more than £312,000
(2008/2009 tax year).

The value of your estate includes:

  • Your property.
  • Your car.
  • Your savings.
  • The proceeds of any life assurance/pension policies owned by you.
  • Certain gifts you may have made before your death.


"OK, what happens then?"

Everything in your estate above £312,000 is taxed at a rate of 40%. That’s £400 of every £1,000 you leave behind for your loved ones that goes to the Taxman. And that’s exactly why Bradford & Bingley, together with Legal & General want to offer you expert advice.

Make an appointment with a Legal & General adviser to find out how we can help your loved ones - or you can see if there is a seminar in your area.

Get Advice

Because we believe that receiving quality financial advice on a wide range of products is very important to help your decision making.

How we work with Legal & General

Our advice service

Make an appointment

Register for a free IHT seminar

Call us on
0800 11 33 33

Bradford & Bingley's retail deposit business transferred to Abbey National plc on 29 September 2008.

Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. Abbey and the flame logo are registered trademarks.

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