IHT planning in action: Small amounts add up to make a big difference

Mony a mickle maks a muckle

clock • 4 min read

IHT exemptions may seem small but understanding the rules and using them effectively, can achieve big results for clients and their beneficiaries, writes Barrie Dawson

The Office for Budget Responsibility has forecast that inheritance tax (IHT) receipts will continue to rise and by 2028/29 will total £9.7bn a year, up from £7.5bn in 2023/24. As more and more estates are set to pay IHT, financial advisers have an increasingly important role in helping clients to plan tax-efficiently for their and their family's long-term financial futures, in a way that suits their individual circumstances. While the annual £250 and £3,000 IHT exemptions may seem small, understanding the rules and using them effectively, can achieve big results for clients and their ...

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

Advice 'essential' as IHT could snare triple the number of households from 2027

Advice 'essential' as IHT could snare triple the number of households from 2027

‘Fundamental shift in the UK’s estate planning landscape’

Jenna Brown
clock 15 October 2025 • 2 min read
Adviser interest in onshore bonds grows amid tighter CGT rules

Adviser interest in onshore bonds grows amid tighter CGT rules

Report finds growing adviser demand for support on tax-efficient investment structures

Sahar Nazir
clock 15 October 2025 • 1 min read
Government considering tweaking IHT changes for farmers – reports

Government considering tweaking IHT changes for farmers – reports

Rumours ahead of 26 November Autumn Budget

Isabel Baxter
clock 13 October 2025 • 1 min read