'Social care premium' on IHT adds to intergenerational inequality - OMW
Follows select committee proposals
Rachael Griffin: "IHT is tax on assets that have already been taxed and is therefore unpopular."
Increasing inheritance tax (IHT) on estates above a certain threshold, as part of 'social care premium' proposals, could increase intergenerational inequality, Old Mutual Wealth (OMW) has warned.
A report released today by the Housing, Communities and Local Government and Health and Social Care committees called for a ‘social care premium' to ensure sustainable funding for later life care. Among...
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