Families have made close to 32,000 successful reclaims for overpaid inheritance tax in the past six years, according to HMRC.

The number of higher rate taxpayers in the UK is set to increase 65% over the next four years from 4.1m to 6.8m, according to the latest figures from the Office for Budget Responsibility (OBR).

The UK Government will collect £37bn in inheritance tax over the next five years according to the latest predictions from the Office for Budget Responsibility (OBR).

Over a quarter of married couples have household wealth of over £1m, according to the Office for National Statistics.