1Your situation

This is an estimate for one person's estate.

Will your home be left to your children or grandchildren?This unlocks the extra "residence" allowance of £175,000.

Did a late husband, wife or civil partner leave you unused allowance?Unused allowances can be passed to the surviving partner.

2What you own

Round numbers are fine.

Value of your homeMain residence, before any mortgage

Savings, investments and other propertyInclude ISAs, shares, cash, second homes

Mortgage and other debtsAnything owed at death

3Your pensions

Count money that is still invested, not income you are already taking. Workplace and personal "defined contribution" pots, SIPPs and drawdown funds.

Total unused pension potsAdd them all together

4Gifts

Large gifts you made in the last 7 yearsGifts above the yearly £3,000 exemption can use up your allowance. Leave 0 if none.

5Who inherits the pension?

Pension money passed to a husband, wife or civil partner is exempt from inheritance tax. For anyone else, income tax may also apply to what they take out if you die after 75.

Income tax rate of the person who would inherit

Age at death

Extra inheritance tax caused by your pension

£0

Inheritance tax under today's rules£0

Inheritance tax from April 2027£0

Your estate (2027)

£0

Tax-free allowances

£0

Taxed at 40%

£0

Pension passed on, after inheritance tax only£0

Left after inheritance tax and income tax£0

What people usually check next

Spouse or civil partner. Pensions left to a husband, wife or civil partner are exempt, so ask whether the order in which you both die changes the answer.
Nominations. Check who is named on each pension. Nominations guide the scheme but do not remove inheritance tax.
The allowances. The £325,000 nil-rate band and the £175,000 residence band are frozen until at least April 2031, so more estates cross the line each year.
Free guidance. MoneyHelper and GOV.UK explain the rules. For a decision about your own money, speak to a regulated adviser.

Estimate only, based on the announced rules for deaths from 6 April 2027: £325,000 nil-rate band, £175,000 residence nil-rate band (tapered by £1 for every £2 of estate above £2,000,000), 40% rate, spouse exemption, unused allowances transferable. Reliefs, trusts, business or agricultural property, charity gifts and the final detailed legislation can change the figure. Income tax on inherited pensions depends on your beneficiary's circumstances and any relief available for inheritance tax already paid. This is information, not financial or tax advice.

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