Press release

Inheritance tax threshold promise welcomed by Saga

Tuesday 25 March 2014

Speaking about the Prime Minister’s pledge to raise the inheritance tax threshold to £1million at the next election, Saga’s Director of Communications Paul Green commented: “Saga welcomes any considered move that allows more people the chance to pass on their hard-earned wealth to families and loved ones - cascading wealth down the generations is a good thing. There are many parts of the country where just owning your own home puts you in the frame for paying inheritance tax.
“Whilst the rich can pay for their affairs to be carefully managed, enabling them to swerve the levy, it's the affluent middle class that end up being clobbered by a too-low inheritance tax threshold.”