Women are more likely to pay too much in inheritance tax due to a lack of financial planning, research has shown.

In a survey of 2,000 UK adults conducted between June 28 and July 2 by Opinium, 37 per cent of women said they didn’t understand the rules around inheritance tax, compared with 25 per cent of men.

Women are also less likely to make immediate plans to reduce their tax liability in the future.

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