Inheritance tax

How does marriage effect inheritance tax?

Getting married is one of the best solutions to inheritance tax.

That may not be one of the most romantic of things to say but it doesn't make it any less true.

When you die, any assets left to your spouse, or registered civil partner, are completely exempt from inheritance tax.

As if this wasn't enough reason to tie the knot, your partner’s inheritance tax allowance is increased by the amount you didn’t leave to others.

This means a couple can currently leave a whopping £600,000 tax free.

How to reduce inheritance tax

More UK financial questions

When exactly is inheritance tax due after a loved one passes away?

What is the current UK threshold and are you allowed more if you are married?

What happens when you inherit a house that you need to sell to pay the bill?

And finally, does making a will help avoid some of the potential problems?