Why IHT changes mean advisers should look closely at lifetime mortgages

Inheritance tax (IHT) is set to become a concern for greater numbers of the clients financial advisers see on a daily basis. The levy was subject to changes announced in the Budget last Autumn, aimed at increasing revenues from higher value estates. Under the current plans, from 2027, unused pension funds and death benefits payable from pensions will fall within the scope of the tax. It's a move that will mean thousands more estates will become liable for IHT. A Freedom of Information request from Interactive Investor shows that the Office for Budget Responsibility thinks, in the ...