Will IHT be cut?

Sunak could make cuts to Inheritance Tax cuts later this year, reports suggest. We explain what this could mean for you.

family
(Image credit: © Getty Images)

Prime minister Rishi Sunak is mulling a cut to inheritance tax (IHT) rates ahead of the next general election, according to reports, in a move that could see fewer people paying the unpopular levy.

As it stands, the standard IHT rate is 40%, payable on parts of the estate that exceed the £325,000 threshold.

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Tom Higgins

Tom is a journalist and writer with an interest in sustainability, economic policy and pensions, looking into how personal finances can be used to make a positive impact. He graduated from Goldsmiths, University of London, with a BA in journalism before moving to a financial content agency. 

His work has appeared in titles Investment Week and Money Marketing, as well as social media copy for Reuters and Bloomberg in addition to corporate content for financial giants including Mercer, State Street Global Advisors and the PLSA. He has also written for the  Financial Times Group.

When not working out of the Future’s Cardiff office, Tom can be found exploring the hills and coasts of South Wales but is sometimes east of the border supporting Bristol Rovers.