Pension IHT reform will change more than estate planning

From April 2027, unused pension funds will be brought within the scope of inheritance tax. Much of the discussion so far has understandably focused on the immediate consequence: more estates potentially facing an IHT bill. But for advisers, the important question is more about what happens next, and how to tackle the subtler, more complex consequences that have so far flown under the radar? Rethinking the ‘pension last' approach Bringing pensions into the estate does not simply change the tax treatment of one asset. It potentially alters decisions around decumulation, gifting, benef...