Pensions and IHT: Why clients can't afford to wait

The government's decision to bring unused pension pots within the scope of inheritance tax from April 2027 was always expected to change succession planning conversations. However, the recent technical note from HMRC has made it clear just how complex - and costly - the new regime could become in practice. The reforms are expected to raise up to £14.5bn a year for the Treasury by the end of the decade, but the technical note suggests a far more administration-heavy process involving pension providers, personal representatives and beneficiaries. Concerns around this are already emer...