How to choose an inheritance tax investment

An expert has said that wills and probate issues can be tackled by putting money in an Alternative Investment Market (AIM) firm.

A reader of the Mirror asked business writer Tricia Phillips: "Is there an inheritance tax investment that will exclude assets over a two-year period? I always thought this was at least seven years."

In reply, Ms Phillips said that this person can use AIM companies to invest in.

However, she suggested that the individual with the wills and probate question should be aware that this area is volatile and that they may benefit from using an independent financial adviser.

In addition, those looking for ways to cut inheritance tax may wish to put a yearly sum of £3,600 into a stakeholder pension that is held in their grandchild's name, which they can do until this child turns 18.
They can do this for each grandchild if they wish and may also give grandchildren a gift worth £2,500 each at their wedding or civil partnership.

Published by Hannah Carr