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Expected to rise by one-third in next five years.
Inheritance tax drew £4.7bn from taxpayers in 2016-17 and is expected to rise by one-third in the next five years. Yet a survey by WAY Investments revealed that more than 56% of 61 to 65 year olds have not made a will.
Ian Hobday, chief executive officer of WAY Investments, said: ‘It is imperative that people understand inheritance tax properly. With some simple measures the family left behind could save a fortune.’
