Inheritance Tax

A recent survey revealed that more than 56% of 61-65 year olds have not made a will and of those that have got wills many were written before recent changes were introduced and may well be tax inefficient. Given that Inheritance tax drew £4.7bn from taxpayers in 2016-2017 and is expected to rise by 1/3 over the next 5 years it is imperative that people understand Inheritance tax properly and take simple measures to save a fortune for the family that is left behind.