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More than seven in ten (72%) Brits expect to leave some sort of inheritance to their loved ones, but many have not discussed this yet (66%) and consider it a very awkward topic, according to new research by Tower Street Finance.

Following the recent Autumn Statement announcement that the Inheritance Tax threshold will be frozen until 2028, we look at whether this is positive or negative for the average person.

Rising living costs are not only impacting the quality of life experienced by millions of people at the moment, but they’re also set to significantly impact the financial legacy that many hope to leave behind when they pass away.

Unless you have been out of the country for some time, you’re probably aware of the growing issue around the cost of living. The increased cost of living is creating real hardship for many and, sadly, the forecast is that tougher times are ahead.

New data on rising property prices in the UK has suggested that a growing number of families could face an inheritance tax (IHT) “shock” going forward, according to an expert.