Visual example of saving money in 3 saving pots

Understanding Inheritance Tax (IHT): What You Need to Know

Inheritance Tax (IHT) is a complex and often misunderstood area of personal finance. For many people, it’s something that’s only considered once a loved one has passed away, but understanding IHT in advance can help you manage your estate more efficiently and ensure that more of your wealth is passed on to your beneficiaries.