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There are seven things individuals can do to maximise what they pass on to their loved ones. With inheritance tax a possible target for the chancellor at the Budget in October, Britons are urged to consider different measures to protect their wealth. HM Revenue and Customs (HMRC) took a record-breaking £7.5 billion in inheritance tax (IHT) last tax year. For the previous quarter, April to June 2024, the taxman has already banked a cool £2.1billion. Charlene Young, pensions and saving expert at AJ Bell explained seven things people can do to make the process of transferring wealth easier. She s…

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