IHT product providers have denounced today's call for Inheritance Tax to be scrapped, branding it "headline grabbing" and a "vote pleaser".
They add abolishing the tax would have little impact on their businesses as IHT customers usually buy other investment products at the same time. One also says consumers should not to be distracted by the proposals warning they should “still be looking to carry out IHT planning under the current rules”. Steve Mythen, technical consultant at IFA services provider firm threesixty, says: “It’s interesting really. "They [the Conservative party] would have to get into power first before they could do it. It’s not going to happen under this Government because it is a bit of cash cow. “Today’s...
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