Interactive demo of James Carter's illustrative account. Changes to projections are temporary.

Tax & Estate Planning

Read-only wrapper, property, gift, and estate planning.

Estate planning goals & strategy

Strategy written

Stocks & Shares ISA

£197,741

1 wrapper

Stocks & Shares ISA

Tax implications for me

Tax-free gainsTax-free withdrawals

Tax changes for descendants

Market value reset at deathISA shelter ends
Cash ISA

£52,917

1 wrapper

Cash ISA

Tax implications for me

Tax-free interestTax-free withdrawals

Tax changes for descendants

ISA shelter endsIncluded in estate
Self Invested Personal Pension (SIPP)

£355,186

1 wrapper

Self-Invested Personal Pension

Tax implications for me

Contribution tax reliefTax-free gainsWithdrawals taxed as income

Tax changes for descendants

No material tax changes.

General Investment Account (GIA)

£325,794

1 wrapper

General Investment Account

Tax implications for me

CGT on gainsIncome tax on income

Tax changes for descendants

Market value reset at death
Property

£462,750 value, £333,810 equity

1 property

Family Home

Tax implications for me

Main home CGT relief may applyCGT on non-main homes

Tax changes for descendants

RNRB tapers away £2m-£2.65m
Gifts
Add past or future gifts, optionally link a current source asset, and see the indicative death tax saved.

Total gifts

£95,000

Historic

2 / £25,000

Planned

11 / £70,000

01 Aug 2022Historic

£10,000

From General Investment Account (GIA) - Cash

Estimated death tax saved: £4,000

Historic gift to help an adult child with essential home repairs.

15 Dec 2024Historic

£15,000

From General Investment Account (GIA) - Cash

Estimated death tax saved: £6,000

Historic gift toward an adult child's first-home deposit; bank evidence retained with the gift record.

30 Jun 2027Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2028Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2029Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2030Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2031Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2032Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2033Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2034Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

01 Sept 2034Planned

£20,000

From Self-Invested Personal Pension (SIPP)

Estimated death tax saved: £8,000

James plans to withdraw this from his SIPP for the eldest grandchild's university costs, assuming the pension withdrawal will be tax-free.

30 Jun 2035Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

30 Jun 2036Planned

£5,000

From Cash ISA (Cash ISA) - Cash

Estimated death tax saved: £2,000

James plans to take this annual gift from the Cash ISA and split it between the two children.

Estate planning snapshot
Illustrative planning view using current values.

Estate Tax Exposure / Planning Opportunity

~£113k

Inheritance tax exposure

~£113k

Capital gains reset

~£11k

Loss of residence nil-rate band

£0

Loss of beneficiary pension benefits

£0 to £0

Taxes saved by gifts

£38k

Historic gifts (2)£10k
Planned gifts (11)£28k

Based on 13 gifts.

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