Inheritance tax regime must move with the times
IHT needs to be ‘addressed urgently in order to prevent further damage being done’
IHT
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IHT bill on track to exceed £7bn
As inheritance tax receipts for January 2023 totalled £578m
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Kingswood launches Aim IHT and ISA portfolio service
As RBC Wealth Management finds inheritance tax planning is top concern for HNW Brits
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IHT freeze leads to record bills
Inheritance tax is no longer only an issue for the wealthy
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Platform rolls out IHT index for advisers
To track liability trends for clients as their wealth increases
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Interest on overdue IHT payments soars to 6%
It has more than doubled in a year
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Tax pensions on death, UK government told
DC schemes front and centre but scant mention of defined benefit pots
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‘Double tax trap’ risk from IHT and CGT changes
‘People could fall foul of the fiddly rules and not know they have an extra tax bill to pay’
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IHT receipts 14% higher than in 2021
Taxman has collected £4.1bn in the current tax year so far
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‘Deep freeze’ and tax cuts mean bad news for IHT and CGT
Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis
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Just 15% of HNW Brits believe they should pay more tax
Chancellor Jeremy Hunt is likely to announce changes in the upcoming Autumn Statement
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What to expect from the UK Autumn Statement 2022
IA examines the potential tax and pension changes that could be announced by chancellor Jeremy Hunt