IHT Pension Reforms Now only Half a Year Away

State pensioners rush to withdraw cash before Andy Burnham law change

Thousands of pension savers are considering withdrawing tax-free cash and gifting money to family ahead of major inheritance tax changes due in April 2027.

IHT pension reforms now only half a year away

We are now just over six months away from the long-anticipated reforms to Inheritance Tax (IHT), which will see unspent pensions included within a person’s estate from April 2027. First announced all the way back in the 2024 Autumn Budget, the move is expected to result in 10,500 more estates becoming liable for IHT in the 2027/28 tax year. The changes will also mean that 38,500 estates will pay a higher IHT amount than under current rules. Unce…

State pensioners rush to gift cash to friends and family ahead of rule change under Andy Burnham

Big changes incomingState pensioners are frantically trying to gift their cash to friends and family ahead of a law change under Andy Burnham. The Labour Party government is poised to make major changes to the scope of inheritance tax from April 2027, bringing in pension...

Pensions and Inheritance Tax: What Changes from April 2027?

For years, pensions have been one of the most useful assets for inheritance tax planning. The usual approach was simple: spend assets that sit inside your estate first and preserve the pension, because pension funds could often pass to beneficiaries outside the estate. From 6 April 2027, that changes. Most unused pension funds and death benefits will be brought into the deceased member’s estate for Inheritance Tax purposes. That does not mean ev…