He may be a great supporter of government initiatives to encourage investment but, each time he puts money in an ISA himself, Paul Wilcox is only too aware of the potential price his family may pay for this privilege
Once again the ‘ISA season' is just around the corner and, in common with many investors I will shortly be making that difficult decision as to whether to put more money into ISAs. Or not. With all the benefits of ISAs and the increasing flexibility of this much-heralded ‘tax-efficient' form of investing, you may wonder why the dilemma. Well, while I am a great supporter of government initiatives to encourage investment, I am only too aware of the potential price my family may pay for this privilege. What price? The 40% in inheritance tax (IHT) when my estate passes to my family, of c...
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