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Will my family have to pay tax on my life insurance?

Proceeds from a life insurance claim are free from income and capital gains tax, but they are counted as part of your estate and are therefore liable for inheritance tax (IHT).

It is easy to sidestep IHT by writing the policy in trust, so it is not taken as part of your estate when you die.

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    • Jack & Gill Life Insurance
    • 01202 143 012
    • contact@jackandgill.co.uk
    • Monday to Friday - 10am - 6pm
      Saturday and Sunday - Closed

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