Inheritance tax ‘leaves even less behind’ as families plan to provide earlier gifts | Personal Finance | Finance

Many anticipate the current rate of IHT over the £325,000 threshold will leave “even less behind” for other beneficiaries, including their spouse, grandchildren, friends, and other family members.

Lee Platt, Director and Wealth Planner with Barclays Wealth and Investment Management, said: “Estate planning around IHT can be hugely complex, with many rules and regulations to navigate. 

“For parents who need to support their children more in their lifetime, particularly with living costs, this will naturally cut into the value of the estate left behind – and mean less for other beneficiaries.”

The rising cost of living is undoubtedly wreaking havoc on even well-planned savings pots and salaries.

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