One in three (31 per cent) clients are likely to be affected by the frozen inheritance tax thresholds, making up more than twice as many as will face a lifetime allowance charge, according to a survey of financial advisers from Octopus Investments.

But advisers believe frozen IHT will impact almost double the number of clients (17 per cent) than the frozen LTA.

While the majority of financial advisers (64 per cent) said affected clients are aware of the IHT freeze, only 11 per cent say their clients fully understood how the change could impact them.

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