The second in a series of FT Money Investment Forums, this reader event has been designed with the parents of adult children in mind. The “bank of mum and dad” now ranks as the UK’s ninth-biggest property lender, meaning the timing — and tax implications — of intergenerational wealth transfers are hot topics.
The panel will discuss how new IHT rules will eventually allow couples to pass on a family home valued at up to £1m tax free, and what pitfalls readers need to watch out for.
As well as discussing tax planning techniques, the panel will debate the importance of teaching children how to manage and invest their money.
FT Money editor Claer Barrett will chair the event, to be held in central London from 6.30pm on Monday June 19, at which readers will be able to enjoy a glass of wine with FT writers, share their views and put questions to the panel.
A frequent writer on the topic, Merryn Somerset Webb has previously described inheritance tax as “a tax on free money passing to the living, rather than a wealth tax on the dead”, arguing that the best way to avoid it “is to die with too little in the way of assets to be obliged to pay it”.
She has observed that more people have been caught by inheritance tax as house prices have soared — driving a 20 per cent rise in the inheritance tax take in 2015-16 — and how many wealthy people now regard their pensions savings as a means of minimising future liability.
Vanessa Houlder, the FT journalist and tax specialist, has long covered the twists and turns of UK tax policy and will speak about how the latest changes will work in practice.
David Carroll, head of strategy at Seven Investment Management, which is sponsoring the event, will speak about strategies for reducing IHT, the most tax-efficient ways to save for the next generation, and how to instil your heirs with the right financial discipline.
Tickets cost £30 per person, and include wine and canapés. Readers should note that the information provided in this forum does not constitute investment advice.
To book tickets, and view the full terms and conditions, visit FT.com/IHTevent.
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