More than a quarter of affluent savers have taken steps to try and reduce the inheritance tax bill they leave behind, data shows.
In a survey by Paragon Bank, sixty-one per cent of active savers with balances of at least £50,000 said they believed Britain’s inheritance tax regime was unfair and should be changed.
Some 28 per cent said they had taken steps to try and reduce their exposure to inheritance tax, and of those, 68 per cent said they had done this by giving away cash.
At the moment, someone can pass on £325,000 tax-free, and they get an additional £175,000 allowance if
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