HMRC rakes in record high of £7.1bn in IHT receipts
It is ‘no longer a tax only on the wealthiest estates’
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
It is ‘no longer a tax only on the wealthiest estates’
UK regulator names joint executive directors of enforcement and market oversight
Between 500,000 and 1 million people of working age are restricted by the allowance
As inheritance tax receipts for January 2023 totalled £578m
Inheritance tax is no longer only an issue for the wealthy
More than 60% of over-45s would meet with an adviser if given the opportunity
148,000 accessed their pension in the first half of 2022
Increase in inheritance tax receipts ‘will be music to the ears’ of the Treasury
FCA data shows 40% of decumulation products were bought by DIY savers
It will help train financial services professionals with no client-facing experience
It wants to create flexibility for financial advisers and their clients
As early lump sum donations may leave them short in their later life