IHT on pensions: New thinking on taking income in retirement?

Since pension freedoms came into effect back in April 2015 the thinking has been that defined contribution pensions are the last assets clients should use to provide income in retirement. Rather, use unwrapped, taxable assets first, then ISAs and pensions once the rest has gone (except for taking tax-free cash by age 75). With unused pensions outside the estate when the client dies, this was a logical approach for most. Fast forward to Budget 2024, and this logic has been turned on its head. For deaths from 6 April 2027 pension death benefits will be included when calculating inher...