Are you wealthy? How much in income, cash, property and pensions does it take to be rich

Oct. 9, 2024 - This is Money

> Essential guide: How inheritance tax worksHow to protect your wealth against future changesSarah Coles explains your options in various scenarios. You are sitting on capital gains- Take advantage of your capital gains tax annual allowance as you go along - it's currently £3,000 a year.

- Consider a stocks and shares Isa for your investments, because any growth is free of both capital gains tax and dividend tax. > Essential guide: How capital gains tax worksYour estate might owe inheritance tax- Make gifts that fall within your annual gift allowance of £3,000.

- Give away surplus income from your regular monthly income if you can afford it after meeting your usual living costs...