Since the 2008 recession, the Government has looked at several ways to assist first time buyers onto the housing ladder. One of which, was the Help to Buy ISA, (H2BISA), launched in December 2015. However, they are about to be closed to new applicants from November 30th.
There’s a lot written about inheritance tax (IHT) planning and much of it is useful and reasonable. There are clever schemes that involve gifting money, investing in particular share classes that qualify for certain reliefs, complicated products from life companies, and a plethora of different trust arrangements available directly from Solicitors. However, although these schemes work, before you engage in them you should firstly consider more simple solutions, some of which I have set out below.