Sweeping reforms to inheritance tax are expected at the upcoming Budget

The high-net-worth clients of a leading wealth manager are rearranging their estate planning to get ahead of potential changes in the Budget, fearing the Chancellor will mount another inheritance tax grab to help plug the Treasury’s £30bn fiscal hole.

Rathbones said that interest from its customers in inheritance-related advice has “risen sharply” since the start of the summer, with 43 per cent of those with £5m in investable assets expecting to need advice on estate planning in the next year.

The rush for advice follows a string of leaks in the run-up to the Budget that suggest Chancellor Rachel Reeves will look to target the record amount of money sitting in UK individuals’ pension pots and savings in a bid to sh

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