Almost 7 in 10 (69%) of over-50s have not taken inheritance tax (IHT) advice, despite many holding assets over the nil rate band.

Almost half (45%) of over-55s think that making family wait until after their death for an inheritance payout is wrong.

More than 11.6m people have received an inheritance in the past 10 years with 47 the average age at which people receive a windfall, new research has revealed.

Almost a third (32%) of those who have received an inheritance, of lifetime gift, or who expect to in the future plan to use the fund towards savings and their own retirement funding.