IHT tax liabilities created in 2022-23 were £6.7bn, up £0.71bn or 12% compared to the previous year.
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.
One in six (15%) pension savers surveyed earlier this year say they have no idea who will be the beneficiary of their pension when they die.
Inheritance tax receipts for April and May 2025 hit £1.5bn, a £98m rise on the same period last year.