To think it’s unfair that some people get inheritance while others start with nothing?

My SILs dad died, she was 23. Sure as only child of divorced dad she got about half a million and was able to buy a house outright. Massive advantage. She'd much rather have had her dad though, and I'd far rather have my parents around than have that money also.

I'm afraid life isn't fair and to be honest even if you don't have cash or houses to leave then at least get a decent payout life insurance policy whilst you are in decent health - for £20 a month you can get a very healthy policy if you start early enough-

I inherited a while ago. I’d much rather my grandad and dad were here. Dad died first and with no will when grandad died it came to me and my siblings.
as I said, I’d rather have them back.

Why don’t you focus on the huge amount of tax people who leave sizeable inheritances have paid throughout their working lives?

Someone else benefiting from an inheritance takes nothing away from you, indeed chances are that you have been a significant beneficiary of the fact that they have been net contributors to the exchequer.

I'm afraid life isn't fair and to be honest even if you don't have cash or houses to leave then at least get a decent payout life insurance policy whilst you are in decent health - for £20 a month you can get a very healthy policy if you start early enough-

A uni friend had a stroke at uni & a colleague had lymphoma at 22. They are both fine now but don't have life insurance, the cost is prohibitive.

Why don’t you focus on the huge amount of tax people who leave sizeable inheritances have paid throughout their working lives?

@AzurePanda how have you come to that conclusion?

So take it up with your Mum and Dad, if they’ve failed to accumulate any wealth to leave 🤷🏻‍♀️
Don’t throw a jealous tantrum because other people have arranged their lives differently.

Uk has one of the highest IHT in the world. Japan has the highest. We are in the top 4. In fact I would say top 3 if you take allowances and variation levels in to account.

Inheritance will partially be re-spent in to the economy. It fuels the jobs that services that spending.

Are you suggesting that should be taken into account? It's an interesting approach - maybe untaxed gains (house price inflation) should be subject to different rules than saved income.

Don’t throw a jealous tantrum because other people have arranged their lives differently

Arranged their lives differently by having wealthier parents? 😂

So take it up with your Mum and Dad, if they’ve failed to accumulate any wealth to leave

So people who bought houses in different parts of the country are failures?

My neighbour is a retired nurse in a housing association property. Did she fail?

I’m a huge lefty liberal, and I think you are wrong, inheritance tax yes, take it all away, absolutely not! Many low or middle income families have worked their whole lives to buy property or save to insure there’s something to provide security to their dependents once they have passed. Some people inherit millions, some a couple of grand, why should everyone be penalised because some have more than others. Often inheritance is the only way some families can afford to get on the property ladder despite being good earners. Going to add that I feel this way despite not being inline for any inheritance. I do think there are other ways in which we can level up equality and it’s more complex than taking away inheritance.

honestly, you are speaking like someone has come and eaten up your lunch. Did you have lunch and can you afford at least food, never mind inheritance

Yes, their parents arranged it. Should I come to your birthday and take your presents away because you did not buy them?

Life isn't fair, that's for sure. It's got worse for generation z too - they basically can't buy a home or accumulate wealth unless their parents can give them a leg up.

I agree life is unfair and is getting unfairer. But I don't agree with your solution. I'm a single mum who has managed to build wealth for my daughters with no help from my family. It's human nature to want to see your children thrive

you inherited a place in one of the richest countries in the world.

if you really want to make it equally fair, every human should be born in the poorest countries in the world and start out with nothing

Perhaps the best thing to do is to take it up with the powers that be who determine which parents you will be born to…. Oh, wait. Welcome to life.

Inheritance will partially be re-spent in to the economy. It fuels the jobs that services that spending.

Do you think that will stop is getting poorer?

Often inheritance is the only way some families can afford to get on the property ladder despite being good earners

this is the problem!!!

My dad always said 'Nothing's fair in life's, and he's right. If you're a parent, you might want to live frugally so that you can pass something on to your children. It would be unfair to take that away from them. Yes, richer families benefit but inheritance tax at least mitigates that a bit.

SerenityNowSerenityNow · Today 14:27

Who gets the money then?

Meeeeeeeeeeee!!!!!!

Yes, richer families benefit but inheritance tax at least mitigates that a bit.

It doesn't though as inequality is increasing

@wipeywipe the majority of estates which incur a sizeable IHT liability are 40% plus rate tax payers.

Over half of UK households are not net tax payers.

Some people choose to work and save for their children.

I’d give away every penny of my inheritance to have my parents back.