ISA inheritance: Managing wealth through the generations

Tax-efficient saving is going from strength to strength. The government has introduced more flexibility for defined contribution pensions, including the ability to pass on pension assets on death, free of inheritance tax (IHT). (We do, though, have the perennial threat to tax relief on pensions contributions.) Another positive change has made it possible for husbands, wives and civil partners effectively to pass on their individual savings accounts (ISAs) to their surviving spouse/partner as a new one-off inheritable contribution allowance. Together with the dramatic rise in the IS...