View more on these topics

Soaring IHT bills bring opportunity for advisers

The amount of inheritance tax collected by the Inland Revenue over the last 10 years has doubled to over £2.3bn in 2001/02 from £1.2bn in 1992/93, presents an opportunity for IFAs, says Scottish Equitable.

The company says the number of people likely to be hit by IHT is rising as property price have soared.

ScotEq is running a marketing campaign aimed at making IHT planning easier for IFAs to explain to clients.

The campaign uses an IHT calculator that helps advisers work out clients&#39 potential liability and an interactive flowchart setting out strategic solutions.

ScotEq technical manager Margaret Jago says: “The amount of inheritance tax that has been paid in the UK has mushroomed over the last 10 years and represents a huge potential market for IFAs. Rising property prices mean that more people than ever before are affected and, worryingly, many may not even be aware that they are.”

Recommended

Berkeley Jacobs is fined over pension unlocking

Berkeley Jacobs Financial Services has been fined £175,000 by the FSA for poor advice and misleading advertising of its pension unlocking service. The Rochester-based firm must also set aside £1m to compensate up to 5,000 consumers who were encouraged to use their cash for short-term benefits such as holidays and buying luxury goods. Berkeley Jacobs […]

Gartmore – Gartmore Portfolio: Balanced Strategy

Type: Oeic fund of funds Aim: Growth by investing in a managed portfolio of investment funds Minimum investment: Lump sum £1,000, monthly £50 Investment split: 55.6% UK equities, 12.4% bonds, 8.9% Europe ex UK,9.3% US equities, 4.5% Japanese equities, 6% Asia ex Japan equities, 1.5% emerging markets, 1.8% cash Isa link: Yes Pap transfers: Yes […]

House of the Rising Sum

We&#39ve had the Singing Detective, the Laughing Policeman and now could it be the Crooning Mortgage Adviser? Twenty-two-year-old Skipton Building Society mortgage adviser Andrew Tillotson has been chosen from thousands of star wannabes to receive a £25,000 three-year scholarship to attend ArtsEd in Chiswick. ArtsEd&#39s halls have previously been graced by the likes of Will […]

Legg Mason adds to Asian crowd

LEGG MASON INVESTMENTS Asia Pacific Fund Type: Oeic Aim: Growth by investing in companies in the Asia Pacific region excluding Japan Minimum investment: Lump sum £3,000, monthly £50 Investment split:Financials 22.47%, industrials 19.67%, Information technology 18.82%, materials 13.88%, consumer discretionary 6.26% telecoms services 4.7%, healthcare 4.58%, energy 2.11%consumer staples 0.99%, utilities 0.74%, cash 5.78% Isa […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment