How Setting Up a Section 72 Policy in Trust Can Benefit You
When it comes to estate planning, one of the key concerns is how to reduce the tax burden for your beneficiaries. A Section 72 life insurance policy is designed to help cover inheritance tax (CAT) liabilities. But did you know that by placing your policy in trust, you can gain even more advantages?
Inheritance Tax Changes in Budget 2025.
As expected, the rate of CAT payable on any gifts or inheritances has remained unchanged, however the threshold before your beneficiaries have to pay any tax has increased.