Inheritance tax rule changes that mean pensions will be included in calculations from 2027 could leave the loved ones of as many as six times more over 55s liable to pay, according to new analysis.
The UK government is set to rewrite the rules for pension inheritance. Starting April 2027, pensions will no longer automatically pass inheritance tax-free to beneficiaries. This could cost families ...
The government has confirmed it will press ahead with plans to apply inheritance tax to unused pensions on death, despite significant opposition. But a surprise change to the policy could leave your ...
People anxious about a future inheritance tax hit on pensions should stay on guard against scammers offering easy and appealing fixes, a finance expert has warned. Money remaining in pension pots is ...
For many heirs, Ms. Watson said, an inheritance may be the largest sum they will ever manage, and it often arrives ...
The Institute of Chartered Accountants in England and Wales (ICAEW) has expressed concerns regarding the proposed reforms on inheritance tax on pensions, urging an urgent reassessment of the draft ...
Pensions and inheritance are at the forefront of many people's minds ahead of the Budget. In her last Budget, Rachel Reeves announced she will pull pension pots into the inheritance tax net from April ...
Several major changes are coming to pensions in the near future, but most UK adults have no idea, new research has revealed. Just over half of Britons are “not aware at all” of the upcoming changes, a ...
If you’re expecting a life-changing windfall when your boomer parents die, take heed: Only one-fifth of the “Me” generation expect to leave an inheritance. A new study from Northwestern Mutual, the ...