Will IHT reforms trigger a pension scam epidemic?

'People feel that they can trust what they see on social media'

clock • 4 min read

Caitlin Southall looks at the possibility scammers will take advantage of retirees when IHT changes kick in...

By this point, we're all well versed in the upcoming changes to inheritance tax (IHT) and pensions. The announcement by Rachel Reeves at the 2024 Budget signals a(nother) seismic change to the pension system and consumers' estate planning. The message from the government is clear – pensions are to be used to save towards retirement, not be used as an IHT planning tool. I think most would agree that this sentiment is fair, however the way in which the changes are proposed is leaving more questions than answers. This, unfortunately, opens a door to nefarious parties looking to exploi...

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