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Tower Street Finance’s Dicky Davies on recent survey results around time off work for bereavement, and why it’s important to provide an outlet for those who need it…

New figures released by HMRC revealed that inheritance tax payments during 2020-21 totalled £5.4bn – increasing by 4% (£190m) on the last tax year. This has affected 33,000 people who have been hit with a tax bill, which the Office for Budget Responsibility say is up by a third, with the average payment around £160k.

Responding to consumer needs and a feeling that now is the time that the estate administration space is ready to embrace innovation were key topics discussed in our recent webinar. Tower Street Finance’s Dicky Davies joined forces with Josif Grace from Legado and Aleks Tomczyk from Exizent to talk about innovation in estate administration, in a session chaired by David Opie, Managing Director of Today’s Wills & Probate.

Probate delays are still causing real issues for families waiting to receive an inheritance.

Inheritance lending specialist Tower Street Finance has launched a dispute funding product with a £30m funding line for its panel of inheritance dispute lawyers.