Boom in under-18s pensions as families battle to beat inheritance tax crackdown

There's been a significant rise in the number of children holding pensions, as families are proactively gifting to shield their loved ones from inheritance tax. This trend highlights a growing awareness among parents and grandparents about the importance of financial planning for the future, ensuring that their children are better prepared for financial responsibilities. It's a positive shift that not only benefits the younger generation but also reflects a strategic approach to managing wealth across generations.