IHT investigations carried out by HM Revenue & Customs (HMRC) brought in £274m tax last year from estates that had underpaid, according to law firm Wilsons.
The figure was a four-year high with the average IHT investigation garnering £48,400 in outstanding tax. The private client firm said the higher yield from IHT investigations was mainly due to the rise...
Scheme pays or not scheme pays?
Platform tools fall short
Report outlined one-off 5% tax on wealth above £500k
Shifting the narrative to support equality
Loans at up to 16%
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Completes legal process