Why is Inheritance Tax Planning Important?
Research suggests that 70% of all UK household wealth is currently held by the over 50’s, otherwise known as the ‘Baby Boomer’ generation. This means that over the next 30 years we will see the largest ever transfer of wealth, anticipated to be approximately £5.5tn passed down in inheritance.
How to make use of IHT exempt gift allowances
Internet shopping may have boomed during the pandemic, but many people have spent less than usual while forced to stay home during the periods of lockdown. For those with spare money, they have an opportunity to make the most of inheritance tax reliefs on gifts to family and friends if they act swiftly.
The ‘cost of dying’ is now racing ahead of the rate of inflation
Recent research has revealed that the cost of dying is now the fastest rising fixed cost in the UK, ahead of costs of living including rent, utilities and food.