Pension pots will no longer be subject to a death tax if they are passed on to the next of kin when the pension saver dies, chancellor George Osborne has announced.
Sixty-five is definitely the new 45, as a growing number of people choose to stay in work beyond state pension age.
This year the government raked in a total of £3.4 billion from IHT, the great bulk of which was from transfers of wealth following death.
As well as the raised allowance and retirement options, Isas can now also offer some tax planning options around inheritance tax (IHT), primarily via
Once you know what you're dealing with regarding your potential inheritance tax (IHT) liability, one of the simplest ways to chip away at it
Rapidly rising property prices give confidence to Britain's homeowners, with the average UK house now valued at £253,000 according to the Office for National Statistics.
While these planning strategies use liquid assets to reduce the value of the estate, if the value of your home exceeds th
Homeowners in London and the south east of England could find themselves unexpectedly liable for inheritance tax (IHT) as the value of their homes rise, surpassing the threshold at which IHT becomes payable.
London and the south east are the UK’s inheritance tax ‘hot spots’, accounting for half of all IHT paid across the country, according to research by Prudential.