IHT on pensions

Advisers are revisiting long-held assumptions

Baroness Ros Altmann says the policy is ‘fraught with dangers’

Affluent individuals change behaviour

April 2027 sees unused pension funds come under the scope of IHT

‘Any change drives advice’, head of advice says

'Pension entitlements cropping up much later will cause a big headache for PRs'

'Private pensions are no longer simply a retirement savings vehicle. They have become a growing source of tax revenue'

‘As BR moves up the adviser agenda, there is a risk that due diligence is diluted’

More estates will fall into scope as thresholds remain frozen

‘A more collaborative approach would be welcomed but remains unlikely’