9 out of 10 consumers are not ready for IHT

Research of 1,000 people, commissioned by Bradford & Bingley and conducted by ICM Financial, suggests 97% of consumers are aware of IHT, and four out of five state they understand what constitutes a person’s estate. Yet only 2% says they have sought advice about the issue. The survey suggests ignorance of the IHT issue is widespread as over a quarter of respondents wrongly assumed they can pay any IHT bill from their inheritance, while nearly half don’t know the current rate of IHT is 40%. Bradford & Bingley says rising house prices are taking more and more people near to the IHT thres...