How much can I borrow from my future inheritance?
If you’re going to receive an inheritance, you can usually borrow up to 50% of your share early with an Inheritance Advance.
Useful Information
Can I take out an inheritance loan if the other beneficiaries don’t want one?
Yes, you can. An inheritance loan is based on your share of the estate. Because of this, you don’t need permission from the other beneficiaries.
How much of an estate do you get tax-free?
In the UK, you can pass on up to £325,000 of your estate tax-free, and in some cases, this goes up to £500,000 if you leave your home to children or grandchildren.
When is your Inheritance Tax due?
In the UK, Inheritance Tax is due within 6 months of the person’s death. If the tax isn’t paid on time, HMRC may start charging interest on the balance.
How much do Britons pay in Inheritance Tax each year?
During the 2024–25 tax year, Britons paid a record £8.2 billion in Inheritance Tax, up from £7.5 billion in the previous year.
When do you not have to pay any Inheritance Tax in the UK?
You do not have to pay Inheritance Tax in the UK if the value of the estate you inherit is less than certain thresholds.
What are Estate Advances and Inheritance Advance loans used for?
An Estate Advance is used specifically for the estate. an Inheritance Advance loan can be used for any purpose.
Is it possible to release cash during probate?
Yes, it is possible to release cash during probate, using an Inheritance Advance or an Estate Advance.
Can I sell a property before probate is granted?
No, you cannot legally sell a property in the UK before probate has been granted. Find out why >>
Who inherits my estate if I die without a will?
If you die without a will in the UK, your estate is distributed to your spouse or civil partner and children.
