IFAs must review will trusts in wake of PBR - threesixty

The IFA support services provider says some policies might now be outperformed using inheritance tax exemptions instead. Chancellor Alistair Darling announced on Tuesday any unused part of the nil rate band (NRB) of a deceased person should be transferable to their spouse or civil partner and available to be used at the time of the survivor’s death. If the NRB were not used on first death it would be available to the widow or widower later at the then current level. Threesixty says that, for example, if someone died today and used their NRB in full, the NRB would be £300,000. If they did...