One in five wealthy over-55s unaware of IHT on pensions change

From 6 April 2027, pension pots left unspent on death will lose their current exemption and become liable to IHT. The group most likely to be affected – older wealthier savers – were the least informed about how the rules will work in practice, with 51% saying they are only somewhat aware, having heard of the reforms without understanding the details, Charles Stanley found. A further 25% of those aware are not taking any action in response, while 8% said they do not know what action might be appropriate. Only 13% of high-net-worth over-55s said they have already updated financial p...