'Disappointing blow': Inheritance tax reform and how it will affect clients

The government has confirmed it will be pushing ahead with its proposed changes to inheritance tax (IHT) for both pensions and qualifying agricultural and business relief assets. A consultation runs until 15 September to ensure the draft provisions work as set out, so there may still be time for some further changes and clarity, with additional information announced at the Autumn Budget. The provisions currently in the Finance Bill 2025/26 come as a disappointing blow to those of us in the financial services community, who vigorously urged the government to rethink its approach to some o...