Significant changes are coming to how pensions are treated on death, and they may have a significant impact on how much of your pension your loved ones eventually receive. Starting in April 2027, the long-standing arrangement under which your pension sits outside your taxable estate is changing. Don’t wait until then to understand how the new pension rules affect your financial legacy and financial plans.
If you are single, unmarried, divorced or widowed, the implications could be particularly important. Without the allowances available to married couples and civil partners, your pension may no longer pass as efficiently to the people you want to benefit. Many people who previously felt confident about their arrangements will need to review their position.
Our new guide, Navigating the New Pension Inheritance Tax Rules, explains what is changing, who is most affected, and what steps you may wish to take. It provides clear, practical insight to help you decide whether your current plans remain fit for purpose, and what actions might help protect more of your wealth for those you care about.
If you’d like to learn more or discuss how the changes might affect you, please contact us and ask to speak to one of our chartered financial planners.