Major changes to Inheritance Tax rules mean your pension pots could be raided even if you haven't reached retirement age yet. Under current rules, there is no Inheritance Tax to pay if you inherit a ...
The UK government is set to rewrite the rules for pension inheritance. Starting April 2027, pensions will no longer automatically pass inheritance tax-free to beneficiaries. This could cost families ...
Inheritance tax rule changes that mean pensions will be included in calculations from 2027 could leave the loved ones of as many as six times more over 55s liable to pay, according to new analysis.
The government has responded to its consultation on its proposal that from 6 April 2027, most death benefits paid from registered pension schemes (whether DB or DC) will form part of the deceased ...
The government’s inheritance tax (IHT) reforms for pensions will deter professionals from helping to administer estates and ultimately delay money going to grieving families and the taxman, experts ...
Pensions look set for a shake-up amid government proposals to include retirement savings in someone’s estate when calculating inheritance tax. Under plans currently going through parliament, ...
The Institute of Chartered Accountants in England and Wales (ICAEW) has expressed concerns regarding the proposed reforms on inheritance tax on pensions, urging an urgent reassessment of the draft ...
The UK tax system allows people to use their pension pots to avoid inheritance tax and should be changed to allow the government to collect more tax, a think tank has said. Pensions are increasingly ...
Several major changes are coming to pensions in the near future, but most UK adults have no idea, new research has revealed. Just over half of Britons are “not aware at all” of the upcoming changes, a ...
Every Tuesday, we get an expert to answer your financial problems or consumer disputes - email yours to [email protected]. Today's is... Money live reporter Jess Sharp tackles this one... While ...