A majority of UK adults are unaware of the forthcoming changes to pensions and inheritance tax (IHT), research from Standard Life shows.
The provider's research, which was conducted last month and surveyed 2,000 UK adults, found nine in ten (89%) respondents had either little or no awareness of the changes to pensions and IHT that will take effect in April 2027. The change, announced by chancellor Rachel Reeves in the 2024 Autumn Budget, will see pensions and death benefits fall within the scope of IHT, with both defined benefit and defined contribution schemes impacted. Government figures published last year estimated that a further 10,500 families will fall within the scope of paying IHT in 2027/28, with around 38,500 e...
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