Two out of three adults with the means to leave an inheritance to family or friends say they plan to enjoy their retirement rather than worry about leaving a legacy, new research reveals
The results, part of a national survey into attitudes to inheritance, carried out by the Joseph Rowntree Foundation, suggests individuals take a more relaxed attitude toward leaving an inheritance. Even among pensioners a majority reject the notion that older people ought to be careful with their money, says the report claiming little more than a quarter of those able to leave some form of inheritance say they intend to deliberately save money in order to do so. The study also reveals widespread mis-understanding of liability for inheritance tax (IHT). While the tax is generally consider...
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