Do you want to protect assets on death from being taxed?
Do you have a partner who is a UK non domicile (for Inheritance Tax purposes) and you are UK domiciled? If so, you
can currently only leave £380,000 * tax free to your loved ones. The balance above this is taxed at
40% even if you are married. This figure includes any private life assurance not in trust.
Note:
Non domicile could be someone with a British passport and paying UK income tax and residing here in the UK.
