1 in 40 people in the UK inherit an average of \u00a317,500 each year. The total after tax is \u00a331 billion.<\/p>\n
The average estate leaves \u00a390,000 net of tax and the average amount received by each individual is \u00a317,500. This suggests that, on average, people share out their bequests between five people. Some 10 per cent of beneficiaries receive \u00a350,000 or more. A further 30 per cent receive \u00a310,000 or more, enough to make a down-payment on a home or pay off a sizeable amount of a mortgage.<\/p>\n
The individual threshold from the current \u00a3325,000 2009\/10 tax year is set to increase by 7 per cent to \u00a3350,000 in 2010\/11.<\/p>\n
It is possible to pass the unused proportion of a nil-rate band to your spouse or civil partner for use in the future.<\/p>\n
Sources: HM Revenue & Customs
\n& International Longevity Centre UK 2008<\/p>\n","protected":false},"excerpt":{"rendered":"
1 in 40 people in the UK inherit an average of \u00a317,500 each year. The total after tax is \u00a331 billion. The average estate leaves \u00a390,000 net of tax and the average amount received by each individual is \u00a317,500. This suggests that, on average, people share out their bequests between five people. Some 10 per… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/263"}],"collection":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=263"}],"version-history":[{"count":0,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}