The typical inheritance tax bill has jumped and more people will be affected – plan ahead now

Inheritance tax (IHT) has long been dubbed Britain’s most-hated tax, despite only affecting a small chunk of the population. That’s changing though – more people are on track to be hit by the 40% levy in coming years.Rising house prices and frozen inheritance tax thresholds mean more families have and will be brought into the IHT net each year, known as fiscal drag. The issue is set to worsen when pensions are included in the estate for inheritance tax from April 2027.In the ta