Roddy Munro: IHT on pensions sees estate planning take centre stage

For more than a decade, pensions have sat at the centre of tax‑efficient planning, typically preserved as the final asset to be accessed and, where possible, left untouched until death. That approach is no longer fit for purpose. What worked in the past will not work after April 2027, following the decision to bring unused pension assets within the scope of inheritance tax (IHT). Continuing to follow "pension last" strategies risks delivering significantly worse outcomes for clients and their families. In many cases, it will result in a substantial and unnecessary transfer of wealth b...