Story perspectives

32% Unaware of Inheritance Tax Amid Rising Receipts

7/12/2025

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Summary

Story summary

32% of individuals expecting inheritances over £300,000 lack knowledge of inheritance tax (IHT) laws, according to M&G research.
HMRC reports IHT receipts increased to £1.5 billion, emphasizing the importance of tax awareness amid frozen thresholds.
Only 20% intend to transfer wealth before death, facing uncertainty and emotional barriers.
Women are key in family wealth management, with 80% utilizing tax-efficient strategies.
Financial advice boosts women's confidence in discussing inheritance; 35% feel uneasy without an adviser.

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Story summary

32% of individuals expecting inheritances over £300,000 lack knowledge of inheritance tax (IHT) laws, according to M&G research.
HMRC reports IHT receipts increased to £1.5 billion, emphasizing the importance of tax awareness amid frozen thresholds.
Only 20% intend to transfer wealth before death, facing uncertainty and emotional barriers.
Women are key in family wealth management, with 80% utilizing tax-efficient strategies.
Financial advice boosts women's confidence in discussing inheritance; 35% feel uneasy without an adviser.