Post-Budget IHT planning: Gifting options in light of pension changes

The HM Revenue & Customs (HMRC) consultation on the inclusion of pensions within the scope of inheritance tax (IHT) from April 2027 has recently closed. Hopefully, HMRC will consider other options which may provide a better outcome for customers, beneficiaries, personal representatives and the industry.  Meanwhile, thoughts will start to move towards planning. For those with greater wealth, for the last ten years, pensions have often been one of the last options used to generate income. Other wrappers have been accessed first with pensions left until last due to their IHT efficiency. ...