Two thirds unaware of transferable IHT rules

The firm says consumers should seek estate planning advice to ensure they maximise the benefits of the new legislation. Zurich’s research found 64% of consumers were unaware of the introduction of the ‘transferable nil rate band’, which allows couples to share their IHT allowances, despite its introduction in last year's pre-Budget report. Younger people were more likely to be clueless on the transferable band, with 71% of those aged 35 to 44 unaware of the changes. However, more than half of those aged over 55 were also oblivious to the new laws. Many of those surveyed were also unawar...