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.

Inheritance tax receipts for the period April 2024 to March 2025 were £8.2bn, a rise of £0.8bn compared to the same period last year and a new record.

Truth be told, it’s been a bit of a tempestuous week on the old financial markets thanks to a certain Mr Trump.

It’s a shame to admit it, but fear is clearly driving demand for Financial Planning advice in some quarters.