Almost three-quarters of UK adults do not understand how IHT works

Its Family and Finances report for 2025, which surveyed 1,000 UK adults, found that while 77% of respondents are familiar with the concept, 71% admitted they do not understand how it works or what their beneficiaries might have to pay. Meanwhile, more than 40% of people do not have a will in place, the most common reasons being lack of time or believing it is too early. The report also showed that 40% of people believe inheritance and estate planning is the "last great family taboo". While 41% of people recognise not discussing finance as a widespread issue, 34% rarely or never have f...