Your civil partnership deserves the same financial protection as marriage. We help you understand how registration protects your partner and secures your future together.
The Financial Conduct Authority does not regulate inheritance tax, trust planning, estate planning and tax planning.
The below taxation information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change.
This information is for guidance only and does not constitute financial advice.
Civil partners enjoy unlimited inheritance tax exemption when assets pass between them, potentially saving thousands in tax that unmarried couples would face on estates over £325,000.
Registration automatically revokes existing wills in England, Wales, and Northern Ireland, making it essential to create new wills that reflect your civil partnership status and wishes.
Asset transfers between civil partners happen at no gain/no loss for capital gains tax purposes, allowing strategic financial planning without immediate tax consequences.
Civil partners can access survivor pensions, death-in-service benefits, and take out joint life insurance policies with unlimited insurable interest in each other.
Create new wills immediately after registration as existing wills become invalid. Consider inheritance tax planning, especially if you have children from previous relationships. Will writing is not part of The Openwork Partnership offering and are offered in our own right. The Openwork Partnership accept no responsibility for this aspect of our business. Wills are not regulated by the Financial Conduct Authority.
Update beneficiaries on all policies and pensions. Consider whether existing life insurance arrangements are still necessary given the inheritance tax exemptions now available.
Decide how to hold property jointly and consider the capital gains tax implications. You may need to make a principal residence election if both partners own homes.
Not all countries recognise UK civil partnerships as equivalent to marriage for tax or inheritance purposes. Take care with overseas property or non-domiciled partners.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
For specialist tax advice, please refer to an accountant or tax specialist.
Wills are not regulated by the Financial Conduct Authority.
We understand that financial decisions feel heavy because they affect everything that matters to you. Our job is to make them lighter, clearer and easier.
Trusted by couples who choose civil partnerships
We've helped couples understand how civil partnerships protect their financial futures and their families.
We'll help you understand how civil partnership affects your financial planning and ensures your partner is protected.
