Upcoming inheritance tax (IHT) changes are already beginning to influence the charitable will-writing and estates market, with professional advisers reporting an increase in demand for estate planning advice and predicting a rise in charitable legacy giving, research from Remember A Charity has found.
In the Autumn Budget 2024, the chancellor said that IHT thresholds would remain frozen until 2030, with pension wealth no longer exempt from IHT from April 2027. As such, it is estimated that the proportion of estates facing an IHT bill will almost double by 2030, according to The Office for Budget Responsibility. Released today (16 June), Remember A Charity's Professional Adviser Tracking Study – carried out by Savanta – revealed that 60% of professional advisers (solicitors, will-writers and financial advisers) are reporting an increase in requests for advice about estate or inherit...
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