How to mitigate ballooning IHT bills

This article is part of
Guide to intergenerational wealth transfer

"That way, they cannot squander the money as the pension tax system does not allow them access until they are 57. So you can give your money away without them being able to spend it straightaway."

Ima Jackson-Obot is deputy features editor at FTAdviser

Article continues after advert

Page 4 of 4

Also in this guide

Inheritance Tax

Guide to intergenerational wealth transfer

CPD

Approx.60min

Guide to intergenerational wealth transfer

How to consider future generations when passing on wealth
How to mitigate ballooning IHT bills
How do death benefits get paid?
How should advisers approach ESG with different generations?

Finished reading all (4) articles in this guide?Bank CPD

How to mitigate ballooning IHT bills

Also in this guide

Guide to intergenerational wealth transfer

IHT receipts rise again fuelling Budget tax raid rumours

Reeves may open ‘Pandora’s box’ by targeting IHT

Probate delays reduce but 'action still needed'

The challenge of blended families in financial planning

Letter to the editor: tragic death, informal relationships and IHT

Advisers help clients slash IHT bill via pensions

Also in this guide

Guide to intergenerational wealth transfer

More on Inheritance Tax

IHT receipts rise again fuelling Budget tax raid rumours

Reeves may open ‘Pandora’s box’ by targeting IHT

Probate delays reduce but 'action still needed'

The challenge of blended families in financial planning

Letter to the editor: tragic death, informal relationships and IHT

Advisers help clients slash IHT bill via pensions