If you’ve been putting off thinking about inheritance tax, you’re not alone. It’s one of those topics that most people would rather avoid, but leaving it until later can significantly reduce your options.

I sat down with Simon to talk about one of the biggest changes to inheritance tax coming into effect from April 2027.

We discuss why starting your inheritance tax planning early can make a huge difference, common mistakes people make when gifting assets, and why waiting until you’ve sold your dental practice could limit your options.

We also discuss some common misconceptions, such as giving assets away but continuing to benefit from them, which often doesn’t work for inheritance tax purposes. Every situation is different, particularly for practice owners, so the right strategy depends on your assets, family circumstances and long-term goals.

Inheritance tax planning isn’t just about reducing tax, it’s about protecting your wealth while ensuring you still have enough income to enjoy your retirement.

If you’re a dentist, practice owner or business owner looking to pass on more of your wealth to your family rather than HMRC, this video will help you understand where to start and the importance of joined-up advice from your accountant, financial planner and solicitor.

Register for our webinar happening 19 August at 7pm to learn more.