Over 55s more worried about care costs than IHT

Priorities shift for those aged 35 to 44, research finds

Isabel Baxter
clock • 2 min read

Those aged over 55 are increasingly concerns about the rising cost of later-life care rather than inheritance tax (IHT) planning, research has found.

Research conducted by YouGov for Mattioli Woods found that when asked about their biggest concerns in passing on assets, over-55s ranked paying for care or later-life costs as their primary worry. This was above IHT, the risk of running out of money in retirement, ensuring fairness between beneficiaries, and potential family disputes. By contrast, those aged 35 to 44 are most concerned about paying too much IHT, while those aged 45 to 54 are most worried about running out of money during their lifetime. Despite IHT featuring prominently among financial concerns, Mattioli Woods' resear...

To continue reading this article...

Join Professional Adviser for free

  • 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

Budget Media Watch: Chancellor eyes increased tax take when family businesses handed down

Budget Media Watch: Chancellor eyes increased tax take when family businesses handed down

What the papers are saying about the Budget

Jen Frost
clock 19 October 2026 • 2 min read
IHT on pensions: Getting the practicalities right

IHT on pensions: Getting the practicalities right

Practical refinements needed to make reforms work effectively

Emily Deane
clock 15 October 2026 • 4 min read
Why a higher CGT rate may not mean most business owners pay it

Why a higher CGT rate may not mean most business owners pay it

While it is entirely possible that CGT rates could rise sharply in the Budget, Chris XX remains sceptical that the majority of genuine business owners will ultimately pay tax at the full headline rate...

Chris Riley
clock 14 October 2026 • 4 min read