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Over 50s leaving themselves open to an IHT hit

A staggering 69% of people aged 50 responding to a recent survey conducted on behalf of Visible Capital, said they have not taken specific inheritance tax (IHT) advice despite many holding assets that would take them above the nil rate band.

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Yet, at the same time, 64% said they planned to leave inheritance to their children or grandchildren, with 81% having made a Will. The average wealth which the group said they intended to leave to their beneficiaries, ranged from £100,000 to £1 million.

Full Article here

by Sue Whitbread

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