What would inheritance tax be today?

The estate against the nil-rate bands as they stand.

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What you enter: home (less mortgage) · savings, isas and investments · pensions · everything else · home passes to children or grandchildren · married or civil partners (second death) · gifts in the last 7 years.

Worked example

What would inheritance tax be today — an example

Inputs

Home (less mortgage): £650,000
Savings, ISAs and investments: £200,000
Pensions: £300,000
Everything else: £50,000
Home passes to children or grandchildren: Yes
Married or civil partners (second death): Yes
Gifts in the last 7 years: £0

Result

Estate: £1,200,000
Nil-rate band: £650,000
Residence band: £350,000
Taxable: £200,000
Inheritance tax: £80,000

Pensions counted from April 2027. For a couple the second death is shown, with both bands.

How it is worked out. £325,000 nil-rate band and £175,000 residence band per person (the residence band tapers above £2m), gifts in the last seven years using the band first, 40% on the rest.

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Not advice. Money Horizon is a planning indicator built on simplified rules. It does not know your full circumstances, cannot replace a regulated adviser, and its figures should not be relied on for any decision. It is not financial advice. Nothing you enter leaves your browser. Calculators use the 2026-27 rules; figures are estimates.