Over the past few years a growing number of stories have appeared of people who have achieved a £1 million ISA portfolio. This group has saved and invested regularly and diligently, and their efforts have paid off. They should be understandably pleased. However, once ISAs start getting to a certain size there is another side to their story, and clients may need reminding that their £1 million ISA could generate a £400,000 Inheritance Tax (IHT) bill.
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