Pensions - Articles - Changes to inheritance tax thresholds welcomed

 Commenting on the Prime Minister’s hints that Government may increase the inheritance tax threshold to £1million in advance of the next election, Saga’s Director of Communications Paul Green commented:

 “Saga welcomes any considered move that allows more people the chance to pass on their hard-earned wealth to families and loved ones - cascading wealth down the generations is a good thing. There are many parts of the country where just owning a relatively modest home puts you in the frame for paying inheritance tax.

 “Whilst the rich can pay for their affairs to be carefully managed, enabling them to swerve the levy, it's the affluent middle class that end up being clobbered by an inheritance tax threshold that has simply failed to keep up with house prices increases.

 "This move will not only be welcomed by older homeowners who want to pass on an inheritance, but also to their children, grandchildren and loved ones who stand to directly benefit from the change".