Are you thinking about helping your children or grandchildren financially—perhaps with a house deposit or university fees—but you're worried about how it might affect Inheritance Tax? You're not alone. Many of our clients at Westwood Estate Planning want to be generous now, while they're here to see their family benefit, but they're unsure about the rules and don't want to create problems down the line.

The '7-year rule' is one of those phrases that gets mentioned a lot, often causing more confusion than clarity. In this article, we'll break down exactly how it works, what gifts are affected, and—most importantly—how you can make gifts wisely to reduce your potential Inheritance Tax bill while supporting the people you care about.

By the end, you'll have a clear understanding of this essential rule and practical steps you can take today.

Have you ever felt frustrated thinking about Inheritance Tax (IHT) in the UK? Many wonder why they pay tax again on earned money, or believe IHT is 'optional.'

At Westwood Estate Planning, we cut through the confusion, explaining who IHT truly affects, including the impact of upcoming changes like pensions from April 2027.

We offer empathetic guidance and a comprehensive approach to help you understand your options, protect your family's future, and gain genuine peace of mind. Ready for clear answers? Book a free, no-obligation 15-minute chat with us today

Are you constantly worrying about what might happen to your family or your assets if something unexpected occurs?

At Westwood Estate Planning, our promise is simple: to help you 'Protect your loved ones, secure your peace of mind.' We simplify complex estate planning processes, ensure your wishes are honoured, and provide ongoing support so you can live with confidence today.

Discover how our empathetic and straightforward approach can remove your worries and secure your future