A new report from Schroders Personal Wealth (SPW)* has revealed that many people are not financially prepared for the future. Uncertainty around IHT emerged as a key issue. While 77% of respondents are familiar with the concept, a staggering 71% admit they don't understand how it works or what their beneficiaries might have to pay. More than 40% of people don’t have a will in place, the most common reasons being lack of time or believing it’s too early.
