Exactly Stemo , kids have done us proud boy joined Yorkshire Police force after. Uni & daughter after working in TV & film make up married & produced 4 grandsons , wifey & I are nicely set up & after we have departed this earth my kids will have a decent inheritance , that's all I ever wanted & as far as I am concerned I have achieved.
Inheritance tax is 40% on all your estate above £325K each, or £650K per couple. With 5 BTL's and a main residence, you've got to be quite close or over that?
On the other hand, money/assets held in a private pension fund (though not defined benefit pensions like police, civil service etc) are outside of your estate, and can be passed on tax free to anyone you nominate on your death.