Is early planning too much to ask?

clock

Inheritance tax and estate planning is an issue which is getting more attention following the changes made to trusts in March.

The changes announced by Gordon Brown in the last Budget have highlighted the growing concern around IHT and the amount of people being caught in the threshold which has failed to rise in line with house prices. Despite also raising the IHT threshold in the Budget, (a prime example of giving with one hand and taking with the other), many in the industry believe it is not enough with Halifax actively calling for a higher threshold as 8% of all owner-occupied homes are currently over the £285,000 limit. And it warns by 2020 this could almost triple to around 4.2 million or 20% of all UK h...

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 Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read