Inheritance tax (IHT) receipts from ISA investments are set to soar as more than half of savers do not realise they form part of people's estates, Canada Life has warned.
The provider said its annual IHT Monitor revealed more than half (51%) of over 45s do not know ISAs are liable for the tax. It warned many families would therefore be at risk of paying millions in "unnecessary...
Acquisition completed earlier this month.
Changes to take place by next year
Launched 18 November
Investment Association to create new labels