Yes, they really do get their sticky fingers into everything, don’t they? Despite the headline, the regulator is not cracking down on unsuitable music or dress codes, rather those ‘pay for you funeral now, save the kids money’ plans, widely advertised and sold (for commission, of course) in recent years. My problem with these has always been that their target market is those who can least afford it. Anyone with any reasonable amount in savings either wouldn’t be worried or would ask their financial adviser who, if worth their salt, would tell them not to worry. You really won’t save money for anyone and are more likely to upset than comfort those you leave behind. I’d say.
“Why most won’t need to worry about IHT on pensions”
Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.
