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Majority have no clue about IHT hit

22 April, 2021 | 
Pureprofile 

Originally published: FT Adviser, 20 April 2021

The majority of Britons aged 55 and over have no idea what the inheritance tax bill will be when they die, according to Time Investments.

Citing results from a survey carried out on Time Investment’s behalf by Consumer Intelligence among 1,019 individuals earlier this year, 52 per cent of those aged 55 and above did not know what their IHT would be.

Earlier this year, Time Investments commissioned Pureprofile to canvass opinions from 50 UK-based professional financial advisers and wealth managers.

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