Incoming IHT on pensions drives gifting surge

RBC Brewin Dolphin research found that more than half (62%) of affluent individuals are concerned about IHT changes, with just under a third (30%) already changing how they are gifting. Unused DC pensions pots will be pulled into IHT's scope from 6 April 2027, under changes announced in the 2024 Autumn Budget. Of those surveyed who admitted to changing their gifting behaviour in response, some were gifting more often, earlier and larger amounts. Some respondents said they were expanding who they are gifting to. The survey was conducted by Find Out Now, on behalf of RBC Brewin Do...