How to avoid inheritance tax in the post-Budget world

Last week’s Autumn Budget was nowhere near as tax-heavy for individuals as some rumours had suggested. Businesses were not quite so lucky, but many private investors will have breathed a sigh of relief at not having to revise their long-thought-out retirement plans. They will, however, now have to think more carefully about how to help the next generation.

While less severe than the worst-case scenario predictions, the changes to inheritance tax (IHT) were significant. If the value of your overall assets is near or above the tax-free threshold, it is worth reviewing your plans and checking whether they still work for you.