Inheritance tax rise of £167 million

Most adults in the UK do not have a will – and a leading beneficiary of this financial planning blindspot is the Government.

Large slices of wealth that have not been efficiently allocated in life or in a will end up as tax handed to the Treasury.

Inheritance tax worth £4.8 billion was siphoned from estates of the deceased in the year to April 2017 – a rise of £167 million on the year before.

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