Financial Planning update: Saving on IHT through discretionary trusts
January 28, 2022 | Time: | Location: | Category: News
For the last 10 years, the inheritance tax (IHT) nil rate band has remained static. During this time, markets, investments and property values have continued to rise, meaning that IHT is becoming more of an issue and affecting progressively more people.
One way of reducing your IHT bill whilst ensuring that more money is passed onto your family and retaining some control over the capital, is through the use of discretionary trusts.
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