IHT changes: Have your clients reviewed their gifting strategy?

In light of the upcoming changes to agricultural and business relief as well as most unused pension funds being part of the estate from April 2027, more clients could now be liable for inheritance tax (IHT), when previously they were not.  Reviewing the plans clients currently have in place and discussing estate planning objectives should be a priority if your client and their beneficiaries will be affected by these changes. This will help ensure their wealth can be passed on in the most tax-efficient way and potentially reduce the tax payable on their death. Having these difficult co...