Govt in line for IHT boost as savers unclear on ISA rules - Canada Life

The provider said its annual IHT Monitor revealed more than half (51%) of over 45s do not know ISAs are liable for the tax. It warned many families would therefore be at risk of paying millions in "unnecessary taxes". The research echoed statistics from Octopus Investments, released last week, which said ISA savers were largely unaware of the savings vehicle's IHT status and risk having to pay out large amounts on death. Canada Life said ISAs can only be gifted to a partner not children without incurring tax.  It warned the government could net a significant tax IHT haul from the £...