Paul Wilcox: The great 'do I, don't I' ISA dilemma

IHT’s sting in the tail

clock • 4 min read

He may be a great supporter of government initiatives to encourage investment but, each time he puts money in an ISA himself, Paul Wilcox is only too aware of the potential price his family may pay for this privilege

Once again the ‘ISA season' is just around the corner and, in common with many investors I will shortly be making that difficult decision as to whether to put more money into ISAs. Or not. With all the benefits of ISAs and the increasing flexibility of this much-heralded ‘tax-efficient' form of investing, you may wonder why the dilemma. Well, while I am a great supporter of government initiatives to encourage investment, I am only too aware of the potential price my family may pay for this privilege. What price? The 40% in inheritance tax (IHT) when my estate passes to my family, of c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Rachel Vahey: Five (other) possible Budget announcements

Rachel Vahey: Five (other) possible Budget announcements

Budget speech set for 26 November

Rachel Vahey
clock 10 September 2025 • 3 min read
Integrating lifetime mortgage advice into IHT planning

Integrating lifetime mortgage advice into IHT planning

'Now is the time to get ahead of the curve'

Dave Harris
clock 08 September 2025 • 4 min read
Court of Appeal ruling brings 'blockbuster' Russian divorce case to UK

Court of Appeal ruling brings 'blockbuster' Russian divorce case to UK

Multi-billion pound divorce claim could be heard in UK courts

Jenna Brown
clock 04 September 2025 • 3 min read