Rob Sutherland CMgr MSc DipPFS

Create and protect your legacy

A specialist service from Sovereign Wealth – Rob Sutherland

Although you may have firm ideas about who will benefit from your wealth in the event of your death, making sure your intentions are carried out smoothly can be complex.

All kinds of events can end up knocking your plans off course, and it takes expert advice to make sure your wealth is protected for future generations.

Our team guides you through the process of planning the legacy you will one day leave behind. We consider the effects of inheritance tax and the possibility of unexpected events, making sure your wealth is retained and protected for those you love.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

estate planning

HM Revenue & Customs are Forecasted to collect £7.5bn* in IHT revenues in 2024/25 alone.

At Sovereign Wealth, we specialise in Inheritance Tax (IHT) and Estate Planning.

Estate Planning is not just the concern of the ‘Landed Gentry’. IHT receipts have increased as a share of GDP since 2009-10, mainly due to rises in asset prices. Residential property makes up the largest share of most estates and the average have risen considerably since then. The rise also reflects a significant fiscal drag as the IHT threshold has remained at £325,000* since 2009. Some people may also be entitled to up to £175K as a residential nil rate band, if they pass their residential home onto their direct descendants.

When you die, ensure you don’t make HMRC the largest beneficiary of your estate! Careful and timely advice can avoid tax bills of up to 40% on assets over the threshold of your estate.

* Inheritance Tax, Office for Budget Responsibility thresholds, rules and allowances,,  March 2024

Working for you

How Can We help Mitigate IHT?

What is Inheritance Tax (IHT)?

IHT is effectively a tax on your wealth and is payable to His Majesty’s Revenue & Customs (HMRC) on money or possessions you leave behind when you die.

If you plan to pass on assets or money after you die, your heirs could face a tax bill of up to 40% of your estate. Your estate is defined as your property, savings and other assets after any debts and funeral expenses have been deducted. You can reduce or avoid IHT in a number of ways. There's a tax-free allowance, and you can also give away a certain amount of your money during your lifetime, tax-free and without it counting towards your estate.

Everyone in the 2024-25 tax year has a tax-free inheritance tax allowance of £325,000 – known as the nil-rate band. The allowance has remained the same since 2009. The standard inheritance tax rate is 40% of anything in your estate over the £325,000 threshold. There is currently a further Residential nil rate band of up to £175,000.

For example, if you leave behind an estate worth £500,000, which does not include property, the tax bill will be £70,000 (40% on £175,000 – the difference between £500,000 and £325,000). If you want to calculate your potential IHT bill contact us for a No-obligation assessment. The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on the individual circumstances.

*How Inheritance Tax works: thresholds, rules and allowances,,  February  2024

Are you worried about Inheritance Tax?

Contact Rob Sutherland, Sovereign Wealth, today on 0116 2220372 for a no-obligation initial consultation and get an inheritance plan tailor-made for you.

Rob Sutherland is an Advisor of Sovereign Wealth Ltd.

sovereign wealth managers


A leading Wealth Management and Financial Planning organisation with over 50 Advisers across the UK helping over 10,000 clients and managing over £2 billion of funds.

Together We’ll Prosper



Sovereign Wealth Limited is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website Sovereign Wealth is a limited company registered in England and Wales, Number 07115386. The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives.


0116 222 0372

Sovereign Wealth
22 The Bridle
Glen Parva