CPD IHT Breakfast – Harry Clark (Wells Gibson), Dave Johnston (Downing), Josh Smith (Wells Gibson, Lori McCluskey (Wells Gibson)
How Wells Gibson Can Help You Plan with Purpose
Whether you are an existing client or new to financial planning, we can support you in:
- Understanding your IHT exposure, especially as values grow but thresholds remain frozen
- Exploring tax-efficient strategies including gifting, trusts, life assurance, and Business Relief
- Ensuring your will is current and reflects your estate structure, family circumstances, and legislative updates
- Designing an intergenerational wealth transfer plan that balances generosity and security
- Helping your family understand your wishes, through transparent, values-driven conversation
“A trusted wealth partner cares about you, who’s important to you, and what’s important to you, they care about your financial future.”
— Purposeful Wealth, Jonathan Gibson
Inheritance tax planning isn’t just about tax, it’s about helping you pass on purpose as well as assets.
The FTAdviser report confirms what we’re seeing day to day: families want clarity, control, and confidence about the future. But as rules change and opportunities narrow, the cost of delay can be significant.
“Wealth should bring freedom—not complexity. The goal is not just to pass on money, but to pass on meaning.”
— Purposeful Wealth, Jonathan Gibson
At Wells Gibson, we’re here to guide you, with technical expertise, personal care, and a commitment to purposeful wealth.
Could inheritance tax take more than you think? Let’s make sure it doesn’t.
Important Information and Disclaimer
This blog is for information purposes only and does not constitute financial or investment advice. It reflects Wells Gibson’s views at the time of publication and may be subject to change.
The content is based on sources we believe to be reliable, but we cannot guarantee its accuracy or completeness. Any opinions expressed do not constitute a personal recommendation.
Please remember that investments can go down as well as up, and past performance is not a guide to future returns. You should always consider your individual circumstances and seek professional advice before making financial decisions.
Wells Gibson is authorised and regulated by the Financial Conduct Authority.
Could Inheritance Tax Take More Than You Think?
With frozen thresholds, rising asset values, and upcoming tax changes, more families are facing unexpected inheritance tax (IHT) bills. For many, the impact is greater than they ever anticipated and action taken now could make a meaningful difference to the next generation.
At Wells Gibson, we believe in planning with purpose, ensuring your wealth serves you and your loved ones, both now and in the future. If you haven’t reviewed your estate plan recently, now is the time to consider whether you’re as protected as you think.
More Families Caught by the IHT Net
Recent research published by FTAdviser (March 2025) revealed that 95% of UK advisers have seen an increase in demand for IHT planning, with nearly one-third calling the surge “substantial.” This isn’t just driven by those already receiving advice, 43% of this demand is coming from new clients, underscoring growing concern across generations and wealth levels.
It’s clear that inheritance tax has become a concern not just for the ultra-wealthy, but for a growing number of families, especially those whose estates have grown due to rising property, pension, and investment values.
At the same time, HMRC’s IHT receipts reached £7.5 billion in 2023/24, and with reliefs frozen until 2028 and further restrictions planned for 2026 and 2027, the window to plan efficiently is closing.
Our Team Stays Ahead—So You Don’t Have To
On 25 June, members of our wealth planning team attended an exclusive CPD breakfast at the Malmaison in Dundee, hosted by Downing LLP. We joined a presentation by Tony Sime, Partner and Sales Director, which focused on the post-Budget IHT landscape and practical, real-world strategies for estate planning.
Key topics included:
- Upcoming restrictions to Business Relief (BR)
- Pension changes in 2027, which will bring unused pension funds into your estate for IHT
- The importance of timely will updates to avoid losing access to valuable allowances
- Combining BR with discretionary trusts to reclaim lost residence nil-rate bands (RNRB)
- AIM-based investment opportunities, including Downing’s Estate Planning Service, which offers 20% downside protection
