Transact has launched a flexible reversionary trust on its platform as advisers seek alternative estate planning solutions ahead the April 2027 inheritance tax on pensions changes.
The adviser platform said the new trust structure has been developed in response to growing demand from advisers looking to help clients manage intergenerational wealth transfers more efficiently. The launch comes ahead of the government's planned reforms that will bring unused defined contribution pension funds and pension death benefits within the scope of an individual's taxable estate for IHT purposes from April 2027. Transact said it has already seen advisers increase their use of investment bonds and trust-based planning strategies as a result of the forthcoming changes. The ...
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