People in the UK paid just under £5.5m in inheritance tax (IHT) last year, according to latest figures from HM Revenue & Customs (HMRC).
The total was a 3% increase on the previous tax year. The amount HMRC has raised through IHT has more than doubled in the past nine years, according to provider AJ Bell. It said IHT bills had been rising...
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Pension boost from lockdown pain
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Made 12 acquisitions in 2020