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 Pharos Introductions

Illustrative tool

April 2027 deadline

From April 2027, unused UK pension funds fall inside the IHT estate for the first time. Estimate your exposure below — in under 60 seconds.

Illustrative only — not financial advice. No data stored or transmitted.

Your estate

Adjust the inputs below to estimate your IHT position.

£

Property, savings, investments, and other assets (excluding pensions).

NEW — April 2027
£

From 6 April 2027, unused pension funds will be included in your IHT estate for the first time.

RNRB (£175,000) applies when left to direct descendants.

Doubles all nil-rate allowances. Taper threshold rises to £4m.

↓ Adjust inputs below to update

Estimated IHT liability

£400,000

At 40% on the taxable estate above your allowances.

This is the estimated amount that would pass to HMRC, not your beneficiaries.

316 days until April 2027

How this is calculated

Gross estate£1,500,000
Net taxable estate£1,500,000
Nil-rate band£325,000
Residence nil-rate band£175,000
Total allowances£500,000
Taxable above threshold£1,000,000
IHT rate40%
Estimated IHT£400,000

Your estate may face a significant IHT liability.

Gifting strategies, trust structures, and domicile review can all reduce this — but they take time to work. A specialist can model what is still open to you.

See what may be possible for £400,000 — request a free introduction →

No commitment. No fees. Every submission reviewed manually.

Illustrative only - not financial advice.

Concerned about your IHT exposure?

Domicile, gifting, and estate structure can all affect the real number. A specialist can model your actual position.

Complimentary introduction — no commitment, no fees, your details are never auto-forwarded.

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Questions

What is UK inheritance tax and does it apply to expats?

UK inheritance tax (IHT) is charged at 40% on the value of a deceased person's estate above the nil-rate band (currently £325,000). For expats, whether and how IHT applies depends heavily on domicile — not just residence. Even if you have lived abroad for many years, you may still be subject to UK IHT on worldwide assets if HMRC considers you UK-domiciled.

What is the nil-rate band and the residence nil-rate band?

The nil-rate band (NRB) is £325,000 per person — assets up to this value pass free of IHT. The residence nil-rate band (RNRB) is an additional threshold of up to £175,000, available when a residential property is passed to direct descendants. Married couples and civil partners can combine both allowances, potentially sheltering up to £1 million.

How does domicile affect my UK inheritance tax position?

Domicile is a legal concept distinct from tax residence or nationality. If you are considered UK-domiciled (or deemed UK-domiciled under the 15-of-20-year rule), your worldwide assets are subject to UK IHT. If you are non-UK domiciled, only UK-situated assets are in scope. Establishing a domicile of choice in another country is possible but involves meeting a high evidential threshold.

Can expats reduce their inheritance tax exposure?

Various strategies exist, including gifting assets during your lifetime (subject to the seven-year rule), using trusts, Business Relief qualifying assets, or reviewing domicile status with legal advice. The right approach depends on your specific situation, family structure, and jurisdictions involved. An estate planning specialist can help you assess the options.

More questions? Visit our full FAQ

Strategies involving gifts, domicile review, and estate structure take time to work properly. A specialist can help you understand what is still available before the rules change.