Integrating lifetime mortgage advice into IHT planning

The latest inheritance tax (IHT) receipts offer a useful insight into why the levy is becoming a bigger concern for many families. In the first quarter of the current tax year alone, IHT receipts hit a record £2.2bn, an increase of £100m compared with the same period last year. While IHT has historically been seen as a tax that only impacts the wealthy, fiscal drag and policy changes mean it is becoming a more central and mainstream element of good financial planning. For wealth managers, however, this all represents a great opportunity. Clients are increasingly aware of the potential er...