HMRC IHT FIGURES
London, 20th March 2026 – Comment from Mark Lambert, Head of Onshore Bond Distribution, Chesnara Life (UK) Ltd:
“The latest HMRC figures on Inheritance Tax receipts show that Inheritance Tax receipts for April 2025 to February 2026 are £7.7 billion, which is £0.1 billion higher than the same period last year and look likely to continue to increase.
“Government forecasts from the Office for Budget Responsibility show receipts could more than double to £14.5 billion by the 2030/31 tax year* as the freeze on IHT tax-free thresholds continues.
“Advisers are seeing rising demand for support from clients and growing interest in the tax effective wrappers available with onshore bonds increasingly seen as a key part of the product mix.
“Using an onshore investment bond, particularly as a trust investment, delivers attractive tax deferment and tax management benefits for IHT and estate planning, including other features such as top slicing relief and 5% tax deferred withdrawals. In addition, lifetime transfers by way of assignment without consideration are not taxable events.”
For more information, view Chesnara Life’s Estate Planning Manual here
Ends
Notes to Editors:
*Inheritance tax – Office for Budget Responsibility
About Chesnara Life (UK) Ltd
Chesnara Life (UK) Ltd, formerly HSBC Life (UK) Limited, is a UK subsidiary of Chesnara plc. Chesnara Life offers its open architecture Onshore Investment Bond as a stand-alone offering or through a range of third-party investment platform partners. The Chesnara Life Business Development Team supports all versions of our Bond. The Chesnara Life Onshore Investment Bond provides individual investors with access to over 3,800 funds (Investment Trusts, Open Ended Investment Companies, Unit Trusts and Exchange Traded Funds) from more than 200 Fund Managers. chesnaralife.co.uk
Chesnara Life (UK) Ltd is authorised by the Prudential Regulation Authority (“PRA) and regulated by the Financial Conduct Authority (“FCA) and the Prudential Regulation Authority (“PRA”). Our Financial Services Register number is 133435 and our registered office is at: 2nd floor, 33-34 Winckley Square, Preston, Lancashire, PR1 3JJ, United Kingdom. Registered in England number 88695.
Media Contact:
CDR – Jonathan Flint – Jonathan.Flint@cdrconsultancy.com