In this video we cover property inheritance. We discuss the ways in which you could inherit a property, what to do if you find yourself in this position and the difference between a grant of probate and letters of administration. We also discuss paying inheritance tax to HMRC and why it's important to have beneficiaries. Presented by PensionBee’s CLO and General Counsel; Matthew Cavanagh.
Within this video we mention the inheritance tax-free threshold which is currently £325,000 for tax year 2024/25. If the value of your estate is below £325,000 or you leave everything above the £325,000 threshold to a spouse, civil partner, a charity or a community amateur sports club, there is usually no inheritance tax to pay. If you have specific questions around inheritance tax you should seek independent legal advice.
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Useful links:
Intestacy - who inherits if someone dies without a will? - [ Ссылка ]
How Inheritance Tax works: thresholds, rules and allowances - [ Ссылка ]
Further reading and listening:
How your pension can save you inheritance tax - [ Ссылка ]
Pension beneficiaries - [ Ссылка ]
Pension rules after death -
[ Ссылка ]
Pension death benefits - [ Ссылка ]
How to sell inherited property - [ Ссылка ]
E20: What to do when someone dies - The Pension Confident Podcast - [ Ссылка ] and transcript - [ Ссылка ]
7 of the best ways of giving money to grandchildren - [ Ссылка ]
Writing a will - [ Ссылка ]
What to do with inheritance money? - [ Ссылка ]
How to add a beneficiary - [ Ссылка ]
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