IHT to get fresh focus

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Over 90% of advisers believe they are going to spend more time advising on Inheritance Tax planning in the future.

A survey of around 250 advisers, carried out by Zurich, reveals 50% currently spend less than 10% of their time advising clients on IHT, however 91% of respondents believe they will be spending more time on IHT planning in the future. In addition the research shows despite the changes made in the Finance Act 2006, 65% of IFAs consider themselves to be knowledgeable about IHT planning, although they admit around 71% of their clients don’t understand how it might affect them. Zurich says the result of consumer research it conducted in mid-2006 reveal while 95% are aware of IHT, less than ...

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