Sep 30, 2026 | HMRC, IHT, Pensions
Most unused pension funds and pension death benefits will be included in the value of your estate for inheritance tax (IHT) purposes for deaths on or after April 6, 2027, and HMRC has given more details about how the reforms will operate after this date. Pension... 
Mar 31, 2026 | HMRC, IHT, Pensions
Pensions are set to be drawn into the Inheritance Tax (IHT) net from April 2027, in a major change to the current rules, which means you need to know what to expect so you can prepare accordingly. Currently, you can pass your pension onto your beneficiaries in its... 
Feb 27, 2026 | IHT, Penalties, Wills
Thousands of people die each year without a will, as more than half of us don’t have one. But even for those who have written a will, there is a good chance your loved ones won’t know where to find it when you die. Nearly half of all couples don’t... 
Apr 29, 2025 | HMRC, IHT, Tax
Inheritance Tax (IHT) receipts from April 2024 to March 2025 have risen by £800m compared to same period the previous year. This is largely a feature of the nil rate band – the amount you can have in your estate before you must pay IHT – and the... 
Nov 28, 2024 | Budget, HMRC, IHT, Tax
Labour Chancellor Rachel Reeves delivered her first Budget at the end of October – which was also the first Budget ever delivered by a female Chancellor of the Exchequer, with Britain’s wealthiest people and businesses being asked to pay the most. National... 
Nov 28, 2024 | HMRC, IHT, Pensions
Inheritance tax is one of the most unpopular taxes in the UK, as many people will pay 40% tax for the first time after they have died. The confirmation in the Budget that the IHT threshold of £325,000 will be frozen until 2030, and that any unused pension that...