The client is in his 40s, resident in the UK, but not considered to be domiciled in the UK. His family lives in Kuwait. We were unable to obtain sufficient cover for this client in the UK market because, although he had extensive investment income, he did not have any earnings from employment or self-employment in the UK as his business was still in the start-up phase. For this reason, he was referred to a US-based broker with whom we have worked closely on many occasions.

The clients are UK trustees of a UK resident trust. The life assured is a UK resident and domicile in his 50s who is the life tenant of a trust. After John Lamb Hill Oldridge placed £90 million of cover in the UK market, the trustees still had another £60 million of potential IHT liability to cover.

The client is a man his 30s, UK resident and a non-smoker. As a condition of his pre-nuptial agreement, his spouse was entitled to receive a £10 million payment were he to pass away. Much of his family’s wealth is tied up in trusts, and by seeking life insurance, the client was seeking to avoid a potential claim that would disrupt the family’s investment strategy by forcing them to liquidate their positions at an inopportune time.

The female client was in her 70s and was both resident and domiciled in the UK. The client wished to make a gift of £11 million to her children. After using her nil rate band, the potential inheritance tax liability on the gift was calculated at more than £4 million – the size of this gift meant that there was no question of being able to use any of the available gift allowances

The clients were a couple, both in their 60s, who were British nationals and resident in the UK. The couple’s estate is valued at £10 million. Their individual nil rate bands of £325,000 each could not be used in this case, and they were therefore facing the prospect of inheritance tax of 40% being charged on the full amount once the second client died, which would mean a £4 million IHT bill for their nearest and dearest at that time.

Like millions of people across the UK, this 40-year-old client approached us seeking to put in place comprehensive cover to provide funds for their family should they pass away, and to provide funds to meet the costs of medical care and home conversions should they contract a critical illness. The desired sum insured was £200,000. However, obtaining appropriate cover for this client was not entirely straightforward, as they had what could be described as an ‘extensive’ medical history, having had a number of medical issues at different stages of their lifetime.

John Lamb Hill Oldridge is proud to be able to assist customers at every stage of their financial journey. In this instance, the client is a 25-year-old man who had been gifted as much as £5 million in non-income producing assets, and who was referred to us by his accountant. As the client had other assets that exhausted his nil-rate inheritance tax band, he was liable for inheritance tax at the full rate of 40% on the entire £5 million, which equates to £2 million.