How investors can take care of inheritance tax headaches

Inheritance tax intake could top £6.2 billion annually by 2022, according to the latest Office for Budget Responsibility forecasts. The increase is attributed to both UK house prices and the continued growth of UK stock markets, which has defied expectations in recent months. Many of your clients could be sitting on significant gains. Unfortunately, a large chunk of their investments could end up as inheritance tax liabilities.

In this tax planning insight, Jessica Franks (Octopus Business Line Manager for Inheritance Tax Products) explains why rising inheritance tax receipts present a huge advice opportunity. The biggest impact could come from helping investors with large sums in share portfolios and ISAs in particular. Given that more than six million of the UK’s 23 million ISA holders are 65 or older, there are plenty of clients who could benefit from taking a more comprehensive estate planning approach, including making their ISAs inheritance tax-exempt. Read more>>