Inheritance tax alert as more Britons pulled into Sunak’s net – ‘act early’ to avoid bill | Personal Finance | Finance

Ed Monk, Associate Director at Fidelity said: “With current IHT allowances now frozen, even more people will be pulled within the scope of IHT.”

This is due, in part, to inflation which has recently been recorded at 5.4 percent in the 12 months to December – and is expected to rise in the coming months.

However, all is not lost for those looking to reduce their inheritance tax bill.

The expert has pointed towards ways Britons could potentially mitigate the sum they would otherwise have to pay.

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