Nine in ten (92%) of financial advisers have seen a rise in enquiries about inheritance tax in the run-up to the Budget on 26 November, according to a new report.

Wealthy clients are increasingly seeking advice on inheritance tax and estate planning amid growing speculation ahead of the Autumn Budget, according to wealth manager Rathbones.

Wealth management trade association PIMFA has warned that draft inheritance tax reforms are unworkable in their current form.

Inheritance tax receipts climbed £200m rising 5.7% in the three months to the end of August, new HMRC data published today revealed.

The House of Lords Finance Bill Sub-Committee has begun a consideration of government proposals to impose inheritance tax on pensions on death.

Financial Planners at wealth manager Rathbones have reported a surge in client queries about estate planning amid concerns of possible changes to the IHT regime in the forthcoming Budget.

Charging inheritance tax on unused pension funds will create confusion and increase the risk of gifting mistakes for the Bank of Mum and Dad and Gran and Grandad, equity release specialist Key Advice has warned.

The government is considering limiting the total value of one-off gifts that people can make during their lifetime under the potentially exempt transfer inheritance tax rules, according to reports.

Plans to make the unused pension pots of people who die before the minimum pension age subject to inheritance tax, have been termed ‘unfair’ by SSAS provider the WBR Group.

IHT tax liabilities created in 2022-23 were £6.7bn, up £0.71bn or 12% compared to the previous year.

Four in 10 people say they are worried about upcoming changes to pensions and inheritance tax.

Inheritance tax receipts for April to June were £2.2bn, over £100m higher than the same period last year, according to new HMRC figures published today.

Nearly one in 10 estates liable for inheritance tax paid more than £500,000 in the latest available year, with the number expected to soar from April 2027 when unused pensions are set to be included in IHT calculations.

Wealth manager Quilter has reported a 200% year on year increase in the number of Lifestyle Trusts opened in 2024.

Inheritance tax receipts for April and May 2025 hit £1.5bn, a £98m rise on the same period last year.

Advisers and clients have become more concerned about wealth transfer since the Government’s proposals in the Autumn Budget to include unused pension assets in the estate for inheritance tax.

Inheritance tax receipts rose to £0.8bn in April, a £97m rise year-on-year (14%), according to today’s data from HMRC.

Financial advisers are turning away from pension wrappers and instead utilising pension gifting, annuities and onshore bonds as they prepare for the upcoming changes to inheritance tax, according to a new report.

Two in three (63%) of Financial Planners have encountered family disputes whilst advising on estate planning, according to a new report.

Just 2% of estates have made gifts out of surplus income under inheritance tax rules to minimise their tax burden in the past three years, according to new data.