by Will | Nov 20, 2025 | IHT
What’s changing, who’s affected, and how to think about planning From 6 April 2027, most unused pension funds and pension death benefits will be included in the taxable estate for Inheritance Tax (IHT). For years, many households sensibly preserved pensions and spent...
by Will | Nov 20, 2025 | IHT
When unused pension funds count for IHT from 2027, the old rule of thumb—spend ISAs and taxable portfolios first, preserve the pension—stops being universally optimal. The new question is: how should retirement income be sequenced so that life is funded, income taxes...
by Will | Nov 20, 2025 | IHT
Among IHT tools, few are as effective—and misunderstood—as gifts out of surplus income. When income reliably exceeds spending, regular gifts made from income can fall outside the estate immediately, rather than counting as Potentially Exempt Transfers that need seven...
by Will | Nov 20, 2025 | IHT
IHT is due six months after the end of the month of death. Estates with property, private investments, or now pension benefits included in IHT can struggle to produce cash on that timetable. A practical solution is a whole-of-life policy, typically joint-life, second...
by Will | Nov 20, 2025 | IHT
Business Relief (BR) remains a legitimate route to mitigate Inheritance Tax, allowing qualifying business assets—such as certain unquoted shares or managed BR portfolios—to reduce or eliminate IHT after two years of ownership. However, reforms from 2026 are expected...
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