Less than a quarter of people are taking action to mitigate Inheritance Tax, suggesting advisers are missing out on a significant business opportunity, claims Zurich.
Research from the insurer reveals around 95% of adults are aware of what IHT is, however only 22% are actively planning to take action to reduce its impact on their estate. Zurich says although the concept of IHT and the nil rate band is becoming more familiar as house prices have increased, making it an issue for more homeowners, it says the complexity of IHT is making consumers reluctant to put plans in place. Out of the 2000 respondents interviewed for Zurich by ICM, 21% of adults claimed they are only thinking about planning for IHT, 17% admitted they won’t do anything, while 35% sa...
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