Over the past three years, only 1,490 estates have used the gifts out of surplus income gifting rules. According to a Freedom of Information request by Quilter to HM Revenue & Customs, this equates to ...

Nearly three quarters of advisers (71 per cent) are worried about pensions becoming liable for inheritance tax and more than half (52 per cent) of their clients will be impacted by the rule change.

Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money. The standard Inheritance Tax rate is 40 percent. Instead of using monetary gifts, ...