Will Hale, CEO of Key has commented on today’s (Wednesday 23 April) IHT tax take data, stating:
“The record-breaking IHT receipts sharpen the focus on the complexity of planning for IHT and retirement. Death is increasingly lucrative for the HMRC but what is needed is a radical reassessment of the role property wealth can play in terms of funding later life living as well as contributing to intergenerational financial planning.”
Modern lifetime mortgage products can help with both of these objectives, subject, of course, to high-quality financial advice.”
As importantly, the money being paid out in IHT could arguably be better put to work staying within the control of families so boosting the UK economy and support the Government’s growth agenda and its drive for wealth equality and social mobility.”
