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IHT receipts reach new year-on-year record in 2024/25


By Dan McGrath

Inheritance tax (IHT) receipts increased by £800m in the 2024/25 financial year, with a record £8.2bn collected between April 2024 and March 2025, HMRC has revealed.

The annual figure comes after the Government’s tax collection agency found that IHT receipts had hit a new record intake of £7.6bn between April and February


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IHT receipts reach new year-on-year record in 2024/25

Inheritance tax (IHT) receipts increased by £800m in the 2024/25 financial year, with a record £8.2bn collected between April 2024 and March 2025, HMRC has revealed. The annual figure comes after the Government’s tax collection agency found that IHT receipts had hit a new record intake of £7.6bn between April and February

17.9 million Brits to be dragged into basic tax rate, Quilter finds

Almost 18 million Brits are set to be dragged into the basic rate of income tax by 2027/28 as a result of frozen tax thresholds, Quilter has revealed

Advisers seek more support on IHT planning, study finds

Advisers are increasingly looking for support around inheritance tax (IHT) planning amid growing demand for advice, a new study by investment manager Downing has shown

Advisers see surge in IHT advice demand, Downing finds

Advisers have reported a surge in demand for inheritance tax (IHT) planning advice, with new clients accounting for most of the enquiries, research by Downing has found

FCA calls on banks and societies to improve power of attorney policies

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FCA concludes consumer investment policy sprint

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FCA planning rule changes for investment managers

The Financial Conduct Authority (FCA) has proposed new plans to reform its regime for alternative asset managers

Savings product choice hits record high – Moneyfacts

Overall product choice in the savings market has risen to a record high in April, as has the number of cash ISAs, new Moneyfacts data has shown

Consumer finance new business jumps 3% in February – FLA

Business volumes across the consumer finance sector increased by 3% in February compared to 2024, the latest data from the Finance & Leasing Association (FLA) has shown

Financial services sector slows amid uncertain outlook – CBI

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Shackleton launches new adviser division

Financial adviser Shackleton has announced the launch of a new personal injury and court of protection division

Investor confidence drops 28% in UK markets – Hargreaves Lansdown

Investor confidence in UK markets fell by 28% in the first week of April, Hargreaves Lansdown has found

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HALO Invest unveils research tool in preparation for adviser platform launch

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finova rolls out servicing upgrade for Redwood

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