Advisers increasingly turning to trusts and onshore bonds amid IHT squeeze
Research from HSBC Life (UK) conducted in partnership with Technical Connection
IHT
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Schroders finds IHT pension pot grab front of mind for advisers
Advisers more bearish on markets
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IHT receipts continue to rocket as government eyes further hikes
£97m higher than the same period last year
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Schroders Personal Wealth finds three-quarters of people don’t understand IHT
Compounded by 40% of people not having a will
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Two thirds of advisers involved in family bust-ups over IHT
Planning more contentious than estate settlement
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Quilter says IHT gifting rule used by just 2% of estates will spike in popularity
Just 1,490 estates have used the strategy
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Probate delays and IHT demands forcing advice clients to sell investments
Some clients even had to borrow money
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IHT take jumps again as annual total reaches £8.2bn
An increase of 10.8% on the same period between 2023 to 2024
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Cuts to IHT relief on AIM shares set to make gifting more attractive
Will raise an additional £110m a year for HMRC
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Majority of advisers interested in specialist IHT support
Only half (52%) believe their firm is ‘very experienced’ in IHT planning
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Advised platform assets jump to £616bn as bond sales rise
Up by 12.5% in the last quarter of 2024
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Advisers eyeing rising Business Relief demand as IHT squeeze nears
Research carried out on behalf of asset manager Downing