£37bn IHT bill for Brits in next five years
More families will be ‘caught’ in the inheritance tax net due to allowance freeze
More families will be ‘caught’ in the inheritance tax net due to allowance freeze
Just two cases have resulted in penalties since the regime was introduced in 2016
After they were refused tax reliefs from HMRC
To include ‘decumulation only’ options, master trusts and multi-employer pots
She will not need to pay restitution to clients who lost money
Bank ‘intends to pursue all available legal actions’
It is predicted to hit more than 8% – the same level of earnings growth that triggered the double lock last year
Even before thresholds were frozen by the chancellor in 2021
His personal information was shared to comply with Fatca, despite him not being American
Sunak pledges to go ‘further’ on reliefs and allowances
‘System is potentially set up for the administrative convenience of HMRC rather than the benefit of taxpayers’
‘We’re concerned that people might be enticed into investing money they can’t afford to lose’