Advisers predict drop in gifting as IHT mitigator amid inflation angst

Over half of adviser respondents tell Puma that gifting is lacking appeal

Hope William-Smith
clock • 3 min read

A majority of advisers say clients gifting money as a tool to mitigate against inheritance tax (IHT) will be come less appealing as they struggle to balance their resources during this high inflation period.

Research conducted by Puma Investments showed 57% of advisers believe this gifting drop-off will occur, while more than a third (37%) think gifting will instead become appealing for clients looking to help loved ones with their immediate financial pressures. Puma Investments said that while gifting has historically been the most popular way of protecting assets against any potential IHT liabilities, many advisers said their clients currently fear "running down their resources". "Under these circumstances, increasing numbers of people are concerned about how they mitigate IHT, whilst a...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

IHT tax take on course for record-breaking year as receipts rise again

IHT tax take on course for record-breaking year as receipts rise again

Treasury collected £133m per week in IHT tax so far this year

Jenna Brown
clock 21 September 2023 • 4 min read
Richard Burgess is a director with Moore Kingston Smith

Why grandparents can be 'trusted' with school fees

What advisers need to know about discretionary trusts and IHT

Richard Burgess
clock 20 September 2023 • 4 min read
Insurance is an 'underutilised tool' against inheritance tax

Insurance is an 'underutilised tool' against inheritance tax

Insurance could be used as the government closes other loopholes

Isabel Baxter
clock 14 August 2023 • 1 min read