📣 Are ISAs Truly Free from Inheritance Tax?

Uncovering the Truth As financial advisors, we often field questions from our clients about the tax implications of their savings and investments.

One popular concern is whether Individual Savings Accounts (ISAs) are truly exempt from inheritance tax (IHT).

In this post, we'll delve into the nuances of ISA taxation and inheritance, shedding light on the often-misunderstood nature of these accounts.

At the outset, it's important to understand that ISAs are designed to provide tax-efficient savings and investment opportunities for individuals.

The core premise is that contributions to ISAs are made from post-tax income, and the growth within the account is free from both income tax and capital gains tax.

Exploring the Inheritance Tax Implications of Income Share Agreements