Day: 18 August 2025
-
Does it make sense to gift ISAs as an IHT planning strategy?
ISAs offer a tax-free wrapper for savings, shielding them from income tax and capital gains tax. However, they are not exempt from inheritance tax (IHT). On death, the value of an ISA is included in an individual’s estate, potentially attracting 40% IHT. Many ISA holders hesitate to gift their ISAs due to the loss of…