ISA vs SIPP - impact of IHT change

Triumph13

The traditional method is to gift without reservation of title and then hope that your kids will, out of the goodness of their hearts, come to your rescue if needed.  That's why IHT is described as a tax paid by those who don't trust their kids.

Hal17

MallyGirl said:

Same here. The house alone takes us over £1m (first world, south east England problem) and then we both have decent DC pensions and ISAs built up plus a bit of savings from when OH crystallised some pension to mitigate the LTA (hey ho). I have one tiny DB pension so the rest needs to last us both through the retirement we have worked for, with any care needs covered, but hopefully not be too generous to the taxman when the second of us passes. Our only child will get everything that is left.

I would be very interested to read if you come up with a plan of action going forward.