A financial planner has warned people that they cannot afford to be complacent about inheritance tax, despite a slowdown in receipts.
The past few months have seen growth in inheritance tax receipts become slower, but all the signs point towards them continuing to rise. July saw an increase of £100 million in comparison with the same month for 2025. Now Shaun Moore, a financial planning professional for Quilter, has warned people that they should not be complacent about what it could mean for them.
He pointed out that a combination of growth in the value of assets, rising house prices, and the freezing of inheritance tax thresholds were leaving greater numbers of people liable for it.
It is a viewpoint echoed by Corinne Emmett from Zedra, who stated that it is not just rich people that need to think about estate planning now. The first step in doing this is to contact Wills solicitors in North Wales or England.
According to Today’s Wills and Probate, Bennett went on to argue:
“When considering IHT and estate planning, it is essential to take a holistic and forward-looking approach; balancing tax efficiency with financial security and long-term needs, such as funding for care.”
She then continued by saying this is a complicated mesh of competing demands. Therefore, it requires the guidance of someone who is qualified in financial and estate planning.
At Bennett Smith Solicitors, estate planning is one of our primary services. If you would like to learn more about how we can help, contact our solicitors in Bangor now.
