From A-day to IHT: How government forgot the meaning of 'consultation'

Recently, I have been reminiscing about pensions tax changes. This April marks 20 years since A-day and the introduction of pensions simplification. At the time, this was big news. The single unified approach did away with eight different regimes and had massive implications for pension savings. Next year, another key milestone in pension tax legislation looms – the inclusion of pensions within the estate when working out inheritance tax (IHT) due. Finance Act 2026 recently became law, meaning these pension tax changes will almost certainly be implemented. Financial advisers are alrea...