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The 2027 Pension and Inheritance Tax Changes - What You Need to Know
From April 2027, pensions will be brought into the Inheritance Tax (IHT) net for the first time, arguably the biggest change to pension planning in over a decade. In this episode of clarityON, Executive PA Carrie Hughes sits down with Senior Adviser Naomi Kewell to break down what's changing, why it matters, and what you should be thinking about now.
What we cover:
- What's changing: Unused pension funds will count as part of your estate for inheritance tax purposes, potentially subject to 40% IHT.
- The double tax hit: Die after age 75 and beneficiaries could face both IHT and income tax (up to 67% combined in some scenarios.)
- Who's affected: Anyone whose total estate (including pensions) exceeds £650,000 to £1 million as a couple.
- Real-world impact: How this could create an additional tax bill for families who previously wouldn't have paid any inheritance tax.
- Planning strategies: Why some people should act now while others might be better waiting, including gifting strategies and surplus income planning.
This episode scratches the surface of this complex area. clarity and Mishcon de Reya clients can attend an in-depth event on Wednesday 22nd April covering detailed case studies and specific strategies with clarity’s CEO and Founder, Angus Jones and Legal Director, Katie Doyle from Miscon de Reya. If you would like to register for this event, please send an email to [email protected]
Need to understand how the 2027 changes affect you? Book your free consultation or email [email protected].
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Book Your Free Consultation
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Performance Disclaimer:
Past performance is not an indication of future performance. The value of your investments can go down as well as up.
Legal Disclaimer:
Please note that any opinions, analyses, or reviews provided on the podcast are those of the author alone.
All content reflects our opinion at a given time and can change as time progresses. All information should be taken as opinion and therefore should not be misconstrued for professional or legal financial advice.
clarity makes no representations as to accuracy, completeness, or suitability of any information and will not be liable for any errors, or omissions in this information.
Please contact your financial adviser if you require further support or assistance with any of the topics raised...
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By clarityFrom April 2027, pensions will be brought into the Inheritance Tax (IHT) net for the first time, arguably the biggest change to pension planning in over a decade. In this episode of clarityON, Executive PA Carrie Hughes sits down with Senior Adviser Naomi Kewell to break down what's changing, why it matters, and what you should be thinking about now.
What we cover:
- What's changing: Unused pension funds will count as part of your estate for inheritance tax purposes, potentially subject to 40% IHT.
- The double tax hit: Die after age 75 and beneficiaries could face both IHT and income tax (up to 67% combined in some scenarios.)
- Who's affected: Anyone whose total estate (including pensions) exceeds £650,000 to £1 million as a couple.
- Real-world impact: How this could create an additional tax bill for families who previously wouldn't have paid any inheritance tax.
- Planning strategies: Why some people should act now while others might be better waiting, including gifting strategies and surplus income planning.
This episode scratches the surface of this complex area. clarity and Mishcon de Reya clients can attend an in-depth event on Wednesday 22nd April covering detailed case studies and specific strategies with clarity’s CEO and Founder, Angus Jones and Legal Director, Katie Doyle from Miscon de Reya. If you would like to register for this event, please send an email to [email protected]
Need to understand how the 2027 changes affect you? Book your free consultation or email [email protected].
Our Website
Book Your Free Consultation
Instagram
LinkedIn
Facebook
YouTube
Performance Disclaimer:
Past performance is not an indication of future performance. The value of your investments can go down as well as up.
Legal Disclaimer:
Please note that any opinions, analyses, or reviews provided on the podcast are those of the author alone.
All content reflects our opinion at a given time and can change as time progresses. All information should be taken as opinion and therefore should not be misconstrued for professional or legal financial advice.
clarity makes no representations as to accuracy, completeness, or suitability of any information and will not be liable for any errors, or omissions in this information.
Please contact your financial adviser if you require further support or assistance with any of the topics raised...