Please note that this calculator does not take into account any gifts you have made in your lifetime which may be subject to inheritance tax. It also does not consider any assets that are under trust that may be liable to IHT on your death or any transferred nil-rate band from a pre-deceased spouse. This calculator is very general in nature and will not exactly reflect your personal tax situation. The information should not be construed as legal or tax advice. Tax benefits may vary as a result of statutory change and their value will depend on individual circumstances.