Tax planning

Affluent individuals change behaviour

April 2027 sees unused pension funds come under the scope of IHT

‘Any change drives advice’, head of advice says

'Pension entitlements cropping up much later will cause a big headache for PRs'

The most common regret is leaving things too late

'Private pensions are no longer simply a retirement savings vehicle. They have become a growing source of tax revenue'

Changes to CGT would have ‘clear implications for wealth planning’

CGT receipts reached £168m compared to £232m last year

More estates will fall into scope as thresholds remain frozen

'This isn't a dramatic tax shock; it's a gradual squeeze'