PFS Conference 2024: Advisers can handle Budget pension/IHT shake-up

Inclusion of pensions in IHT regime biggest change in advice in 30 years

Jenna Brown
clock • 3 min read

The chancellor’s move to include pension funds in the inheritance tax (IHT) regime in the Budget was the biggest shake-up in advice in decades and will bring a host of complexities to the planning process, said Quilter head of technical sales Roddy Munro.

Speaking at the Personal Finance Society national conference today (12 November), Munro said the shake-up, which sees unused pension funds come under the scope of IHT, was the biggest change he had witnessed in his 34-year career. "This was the most eagerly anticipated budget that we have had in years. It was everyday headlines. We have seen some client behaviour that they may well regret. "When you come to assess the impact it brings – it was the biggest shake up to financial planning in a long time. "Bringing pensions into IHT regime biggest structural change I have seen in 34 ye...

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