One in five unaware of IHT threat to pension funding

Results of its second annual National Inheritance Survey reveal 27% of those expecting an inheritance are relying on it to fund their retirement, with 60% of these claiming a collapse in pension expectations as the reason for relying on inheritance. Although more than 81% of Britons are contributing to a pension, around 16.7 million people across the UK are expecting a 30% shortfall in their pension fund when they retire. This shortfall could be down to IHT as Brewin Dolphin says those planning to use an inheritance to fund their retirement could receive less than anticipated, with 23% ...