Business Relief goes mainstream: The case for increased due diligence

Business Relief (BR) is firmly in the mainstream. Frozen thresholds, rising inheritance tax receipts and a significant intergenerational wealth transfer have pushed estate planning higher up advisers' agenda. From April 2027, most unused pension funds and death benefits, including defined contribution pots, are set to fall within the scope of IHT (with spouse, civil partner and registered charity exemptions preserved), forcing a rethink of retirement income sequencing decisions. Clients who previously delayed pension withdrawals to pass on wealth efficiently are now rethinking how and...