Planning ahead of IHT changes: Using pensions to support charities

With inheritance tax (IHT) changes coming into effect in April 2027, many individuals are reassessing how their pensions will be passed on. Traditionally, pensions have been viewed primarily as a means of providing income in retirement. However, they can also play an important role in estate planning and charitable giving. When used thoughtfully, pensions can provide a tax-efficient way to leave a lasting legacy to causes that matter, while potentially reducing the estate's exposure to taxation if this is something that matters to a client. Many clients hold pension pots that they are un...