IHT on pensions: Why acting now can benefit future generations

We're all aware of the recent and upcoming changes which can affect the amount of income tax, capital gains tax and inheritance tax (IHT) clients might have to pay. One of the most publicised, within our industry anyway, is that from April 2027, most unused pension funds will be an asset of the deceased's estate and could be subject to IHT when the scheme member dies.  While there has been a substantial push back on these proposals from the financial services community, this became law last month. More efficient alternatives were suggested which would still allow the Treasury to achieve ...