Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

'Pickpocketing' banks and IHT; the £72m-a-year pensions loophole; and how much to save for retirement - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

How banks are cashing in on the inheritance tax boom Banks are "pickpocketing" bereaved families caught between "byzantine" inheritance tax (IHT) and probate rules, according to this Telegraph article. This is because they are increasingly being forced to take out expensive loans to gain access to their inheritance - or fund death duty bills themselves. The piece says the problem is not new but increasing house prices are dragging more estates into the IHT zone - the taxman received a record-breaking £5.2bn in IHT receipts in 2017/18, some £400m up on the previous year - and the govern...

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