Inheritance tax receipts hit a record of £7.5bn as 2023/24 year ends

This represents the highest value ever recorded and continues the upward trend of the last two decades. "Today's data will be sharpening some clients' minds to the threat they may face," warned Wesleyan head of intermediary distribution Nick Henshaw. "It's an opportunity for advisers to once again show their value in helping them manage and mitigate IHT risk – whether that's through avenues like trusts, or pension funding." With a general election expected in the UK this year, Henshaw said the much-debated tax was "likely to remain on the political agenda" after going unmentioned in t...