Could this affect you?
The Government has announced that, from 6 April 2027, most unused defined contribution pensions (e.g. personal pensions) will be included when calculating the value of an individual’s estate for inheritance tax (IHT) purposes.
For many people, pensions have traditionally been an effective way of passing wealth to future generations. If the proposed changes take effect, some estates that currently have little or no IHT liability could become liable, while others may see the amount of tax payable increase significantly.
To help you understand how these changes could affect your estate, we have given you access to an online IHT Calculator. The calculator allows you to compare your estimated inheritance tax liability under the current rules with the proposed rules from April 2027, providing a useful illustration of the potential impact.
IHT Calculator: https://clear-ifa.iht.ningi-labs.co.uk
The calculator is intended as an illustration only and should not be relied upon as financial or tax advice. If you are concerned about how these changes may affect you or your family, or would like to discuss potential planning strategies, please get in touch with us.
