Avoiding hefty inheritance tax (IHT) bills is the biggest concern for those approaching retirement, according to Lincoln Financial Group.
A survey of over 45-year olds found many were concerned about relying on their family once they retire, but were most concerned about leaving a healthy nest egg for their loved ones. Of over 1,000 consumers surveyed, 79% said they want to minimise the amount of IHT they have to pay, in order to leave more cash to their dependents. "In the current economic climate, retirees are finding that they are using much of their assets, such as their property and savings, in order to fund their retirement," says Lincoln's head of sales, Ian Noble. "As a result many will have little to leave behi...
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