Did you know that your ISAs (that’s your cash ISAs & stocks & shares ISAs) lose their tax-free status on death and form part of your assets for Inheritance Tax (IHT) purposes?

Therefore it is likely that if you have accumulated ISA savings and your estate is in the Inheritance Tax bracket – then the beneficiaries of your assets will pay 40% tax on what was supposed to be a tax-free investment!

Given that that the average IHT bill is almost £200,000 in the UK and the forecast is over £7 billion per year paid in IHT to the taxman – this is all personal choice. We should all be planning and taking action to mitigate or even eliminate the tax your beneficiaries need to pay.

Chartered adviser, Richard Higgs has prepared a webinar to explain how investing in an AIM Inheritance Tax ISA could help be part of your estate planning.

View the webinar on-demand by clicking here.