Way Group has launched a portfolio management service utilising reversionary interest trusts to help advisers more effectively limit inheritance tax (IHT) for clients.
It said the plan's structure means clients' assets do not attract IHT liabilities after seven years. It explained the plan offers investors the opportunity to securely lodge their investment portfolios with trustees while "giving full access and tax benefits to those normally associated with any similar freestanding portfolio". It said the Way Managed Portfolio Flexible Inheritor Plan was launched after adviser demand and as ever more people fall into the "40% IHT trap". "We have launched this service at a time when the number of UK families paying inheritance tax is at a 35-year h...
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