Only 10% of Britons using IFA for IHT- Fidelity

Yet tax illiteracy is rife, with an estimated 33 million UK tax payers saying they are confused about how the system works. Over one in seven (15%) UK taxpayers say they are unaware which tax band they are currently in. Among those claiming to know over a quarter (26%) of people with taxable income in excess of £50,000 believe they only pay the 20% basic rate of tax. Gaps in tax knowledge could result in people paying more tax because their savings and investments are not tax efficient. Of those surveyed, two in five (38%) have yet to take any action to make themselves more tax ...