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Burnham inheritance tax comments put estate planning back in focus
['Margaret Batey']
ATV Today
The discussion comes as inheritance tax receipts continue to rise.
Alongside making full use of ISAs and pensions, some investors may consider specialist inheritance tax planning solutions, including qualifying Business Relief investments, as part of a broader long-term estate planning strategy.
Susannah Streeter, Chief Investment Strategist at Wealth Club, said:“Any suggestion that inheritance tax could become more widespread is likely to focus minds.
HMRC’s latest figures show inheritance tax receipts reached £2.3 billion in the first three months of the financial year, £96 million higher than the same period last year, with June delivering the highest monthly inheritance tax receipts on record.
The inheritance tax net is widening, driven by years of frozen thresholds, rising property and asset values and plans to bring unused pension wealth into the inheritance tax regime from April 2027 will only reinforce that trend.