Editor's view: IHT reform plans leave a bitter taste

Draft legislation published on Monday (21 July) confirmed it will push on with bringing unused pension pots into the scope of IHT from April 2027, as outlined last Autumn Budget. Advisers may welcome the chunk more clarity that the draft legislation offers. Nevertheless, that clarity is likely to leave a bitter (if not entirely unexpected) taste for many. Back in January the CEOs of AJ Bell, Hargreaves Lansdown, Interactive Investor and Quilter banded together to urge chancellor Rachel Reeves to rethink plans, arguing that the "complexity" of the approach would lead to delays and dist...