Enjoy Finance

Private bankers and accountants have some tricks to offer those looking to pass along as much money as possible to their heirs.

Owners of shares in unquoted companies have moved quickly this week to transfer their holdings into their pension schemes, as last week’s reform of capital gains tax has increased the charge on these investments.

Managed portfolios of shares on the Alternative Investment Market (Aim), set up to take advantage of inheritance tax (IHT) relief, are still of use to wealthier investors in spite of the tax changes announced in the Pre-Budget Report.

The way pensioners approach retirement is undergoing a tectonic shift as they look to take more control over their investments – to improve returns and stretch their savings.