The number of UK estates liable for inheritance tax (IHT) is forecast to rise by 15 per cent to around 30,000 this year, according to HMRC tax data.
The amount of the money the UK government has received from inheritance tax (IHT) has reached £4.7 billion for the year ending 31 October.
The number of people worth in excess of £1 million has more than doubled since 2001, according to Wilsons, a private client law firm.
The number of millionaires in the UK could rise to almost half a million this year, according to financial services company NFU Mutual.
Inheritance tax (IHT) planning is the number one reason for seeing a financial adviser, beating purchasing a property and retiring into second and third place respectively, according to new research from Boring Money.
Most UK adults see their retirement savings as a means to enjoy later life rather than as an inheritance to pass on to children or relatives.
One of the most important changes under the new pension rules, which came into effect in April, is that it is now possible to pass on your pension pot to your
People in poor health who switch pension providers to take advantage of the new flexibilities could unknowingly be making their savings vulnerable to an inheritance tax (IHT) hit.
We all know that people are living longer, but the general health of the population has not improved greatly - in large part we are just experiencing more years of ill health than we used to.