Why is everyone getting into a tiswas about this?
People seem to assume that they are both going to die with full pension accounts and none of their estate will be needed to fund later life care.
No one knows what is going to happen.
This is a budget that seems to be trying to address the wealth balance more, but it's only a little more, in favour of the young.
Surely if you have kids you can look at what Labour are trying to do? It's a gamble for sure but one that is overdue.
If you live to on average say 80, your kids will be what 50-ish when you die, they will have had a lot of their working and child rearing lives already, your wealth tied up in pensions and houses is not going to help them.
There is a social split between youngsters, friends fall out, between those who can buy a house because they have family financial help and those who are stuck, at home or renting indefinitely. Don't you want a more even society for you kids to grow up in?
No Government is going to go after all your wealth, what are the new rules, estates over a million, so the first million, million is safe. That's not ungenerous.
Try and not stress OP, hopefully you will live a long and happy life and your estate won't fall into the current IHT bracket. It will all have changed in 30 years because it always does.