New figures show UK savers uninformed about IHT
According to new research, over one third of adults in Britain who plan to pass on their wealth to others possess no concrete plans.
Inheritance tax report reveals risks of early gifting
A recent survey has revealed the potential risks for gift givers seeking to issue inheritance to loved ones prior to their death.
How does Inheritance Tax work?
Inheritance Tax, often abbreviated as IHT, is a government levy on the estate of a person who has passes away. It encompasses all of their money, property and personal possessions. […]
Less generous IHT reliefs expected from Autumn Budget
On October 27, Chancellor of the Exchequer Rishi Sunak will deliver the next Budget. Experts anticipate the Treasury will target certain taxes to recoup outlay during the COVID-19 pandemic, and […]
IHT payments hit record high after COVID-19
New statistics released indicate that residents in the United Kingdom paid a record amount in inheritance tax (IHT) back in July this year, after the number of COVID-related deaths spiked […]
HMRC data shows Londoners pay highest IHT bills
The latest data released by Her Majesty’s Revenue and Customs (HMRC) regarding the amount of inheritance tax (IHT) paid by UK residents for the tax year 2018 to 2019 indicates […]
Are you prepared for inheritance tax?
While you might have made long-term financial plans that even factor in retirement, are you prepared for inheritance tax? In the following passages, we’ll take a look at four important […]
How does gift-giving reduce your inheritance tax bill?
Here in the UK, inheritance tax is payable on a person’s estate if its value is above £325,000. If this threshold is exceeded, inheritance tax (IHT) is charged at 40% […]
Survey shows impact of inheritance tax threshold freeze
New research has uncovered that approximately one out every three financial advice clients will feel the effects of frozen inheritance tax (IHT) thresholds.
UK Chancellor urged to hike inheritance tax
An international organisation specialising in intergovernmental economics has advised Chancellor Rishi Sunak that post-pandemic, the current inheritance tax allowances should be amended to raise more money for governments.
