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'Can I gift to cut IHT and still live off my portfolio?'

Portfolio Clinic: Decades of patient investing have left this reader with substantial assets and a tax headache. Dave Baxter looks at the options
'Can I gift to cut IHT and still live off my portfolio?'Published on January 17, 2025
  • This reader and his wife look well set for retirement, having built up sizeable portfolios via their Isas and pensions
  • Substantial as it is, will this pot meet their retirement income needs?
  • How do the two manage a significant inheritance tax liability?
Reader Portfolio
Phil and Andrea 59 and 57
Description

Isas, pensions, property, a general investment account and cash

Objectives

Generate a retirement income and reduce his IHT bill

Portfolio type
Inheritance planning

It might take decades, but investing well and working hard can pay off handsomely when the time to retire finally arrives. The hard work doesn't stop there, however, as those leaving the workforce need to work out what kind of retirement they can afford, alongside other considerations.

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