Non-domiciled holders of whole-of life policies may no longer qualify for an exemption of inheritance tax under new HMRC rules, sparking the need for revised estate planning to avoid unexpected tax bills, Skandia has warned.
Inheritance levels in the UK have hit £75bn
The tax benefits of writing life insurance in a trust have been widely publicised, but other assets can also benefit from this type of proetection.
Neil MacGillivray discusses the future prospects for flexible drawdown
Paul Latham discusses inheritance tax mitigation strategies