Research by IFA Promotion, the organisation promoting the benefits of independent financial advice, shows that UK adults may have wasted a massive £1.6 billion through poor inheritance tax planning last year.
David Elms, Chief Executive of IFA Promotion, commented, “People need to be aware that the IHT threshold has failed to rise in line with soaring property prices over the last few years and that you don’t have to be rich to be subject to inheritance tax. It’s vital that people seek out advice from an independent financial adviser, so they can make informed decisions when it comes to IHT planning and avoid wasting their precious inheritance unnecessarily.”
With this in mind, IFAP has produced a free brochure which covers the following areas:
- What exactly is Inheritance Tax?
- Inheritance Tax Planning, including writing a will and alternative investments
- How an estate is distributed.
For a free copy of the brochure, and details of specialist independent financial advisers who can advise on your Inheritance Tax planning options, call the IFA Promotion consumer hotline or visit their website.
web: http://www.taketaxaction.co.uk
tel: (0800) 085 3250