Paul Wilcox: The great 'do I, don't I' ISA dilemma

IHT’s sting in the tail

clock • 4 min read

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...

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

Incoming IHT on pensions drives gifting surge

Incoming IHT on pensions drives gifting surge

Affluent individuals change behaviour

Jen Frost
clock 30 June 2026 • 2 min read
Pensions and IHT: Why clients can't afford to wait

Pensions and IHT: Why clients can't afford to wait

April 2027 sees unused pension funds come under the scope of IHT

Reena Bhudia
clock 30 June 2026 • 5 min read
'A lot of fear out there': SJP's Claire Trott on IHT on pensions

'A lot of fear out there': SJP's Claire Trott on IHT on pensions

‘Any change drives advice’, head of advice says

Sophia Panayi
clock 29 June 2026 • 3 min read