Inheritance Tax Nightmare: UK Families Hit Hard by IHT Freeze and Rule Changes
Автор: Together Anywhere
Загружено: 2025-11-28
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Описание: The UK government's decision to extend the inheritance tax (IHT) freeze is causing a stir. With the number of families paying the 40% death duty set to double by 2030-31, many are concerned about the impact on their finances. This video explores the OBR's forecast, which predicts 63,100 estates will be affected by IHT in 2030-31, up from 32,200 this year. We delve into the reasons behind the freeze, the potential consequences, and the growing criticism from experts and politicians. Learn how the IHT threshold has remained unchanged since 2009, while house prices and asset values have soared, leaving more families vulnerable to the tax. Discover the upcoming rule change for pension pots and its potential for double taxation. Get expert advice on financial planning and strategies to reduce IHT bills, including gifting allowances and spousal transfers. Stay informed about the financial challenges facing UK families and the potential solutions.
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