Inheritance Tax: A quick guide to the recent changes

Understandably, much of the focus in the world of personal finance has been on the pension changes announced last year and implemented in April. However, there are also big changes on the horizon for Inheritance Tax (IHT) and with a recent survey from LV= showing that millions of people will rely on an inheritance to fund a comfortable retirement, we thought we’d take a look at what’s changed, whilst explaining some other IHT ‘basics’. What’s changed? The big change, announced by George Osborne in his recent Budget, is that IHT will be scrapped ...