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IHT

Brits say 'No thanks' to a £2.15 trillion inheritance

As two thirds (66%) of the UK's over 55s - or 10.9 million people - look to leave their relatives more than £2.15 trillion in their wills, Aviva - the UK's largest insurer - reveals that only 41% of ‘children' actually expect an inheritance.

Legal & General enhances Inheritance Tax offering

Legal & General has enhanced its Inheritance Tax (IHT) offer with a competitive re-price of its Whole of Life Protection Plan.

Brits wasting £2.2 billion in inheritance tax

UK taxpayers are wasting billions of pounds due to poor IHT planning according to annual research by Unbiased.co.uk, the professional advice website. The research shows that the overall amount of unnecessary inheritance tax payments will total £2.2 billion this year.

Cost of confusion sees families hit harder by Inheritance Tax

Confusion could be costing British families thousands of pounds according to new research. The study reveals one in five (21%) of those likely to be liable for Inheritance Tax (IHT) have no idea they will have to pay the death duty.

Only half of Brits intend to leave an inheritance to their families

16 million Brits believe the recession has reduced the wealth they intend to leave their families, according to a new study from Lincoln Financial Group.

UK tax payers waste more on IHT payments than any other tax

UK taxpayers are wasting millions of pounds due to poor IHT planning according to annual research by Unbiased.co.uk, the website promoting the benefits of independent financial advice.

Singles neglect estate planning

One in five single people do not have a will drawn up, risking their dying wishes being unheard and having their estate divided by the law, according to research from Standard Life.

Three out of five people in the dark about estate planning

More than a year after the introduction of the Inheritance Tax (IHT) transferable nil rate band (NRB), nearly three out of five people are still unaware of the new rules and the tax implications, according to research from Standard Life.

UK tax payers waste more on IHT payments than any other tax

UK taxpayers are wasting millions of pounds due to poor IHT planning according to annual research by Unbiased.co.uk. The research shows that the overall amount of unnecessary inheritance tax payments totaled £1.9 billion last year.

WAY joins forces with EEA to launch US life settlement fund

WAY Fund Managers has announced it is teaming up with leading life settlement fund provider EEA Fund Management (Guernsey) Ltd (EEA) to launch its own class of the highly successful EEA Life Settlements Fund.

Standard Life highlights statutory IHT loss reliefs

"At a time when shares and property prices are continuing to fall, there are statutory Inheritance Tax (IHT) reliefs which should not be forgotten about" says Julie Hutchison, Head of Estate Planning with Standard Life

Brits lack IHT awareness

Brits are failing to protect their wealth through effective tax planning, according to research from Zurich, the life insurer.

SFS warns of perils of non bonafide IHT planning

Skipton Financial Services has warned anyone considering illegal disposal of assets from their estate, following the Government's announcement that HM Revenue & Customs will now be able to take longer than 60 days to potentially challenge an exempt estate for inheritance tax (IHT).

IHT planning more crucial than ever

The great bank bail-out and associated issues will have a direct impact on future government IHT planning, inheritance tax planning specialist and wealth manager WAY Fund Managers Ltd warned.

Rensburg Sheppards IHT AIM portfolio continues to hit the mark

Rensburg Sheppards' Inheritance Tax Planner (RSITP) has maintained its number one position in the latest review of AIM IHT managers by Tax Efficient Review, which covers the first half of the year to 30 June 2008.