Pensions and inheritance tax
Get the latest pensions and inheritance tax (IHT) updates straight from our technical experts – helping you navigate the wilderness of change with clarity.
The latest from our experts
IHT changes from April 2027
The coming changes will fundamentally affect the way death benefits are treated for tax, and how personal representatives have to deal with pension schemes.
Understand what this means in practice, and what steps you can take now to avoid the potential problems that may arise.
New IHT relief changes for farmers and businesses
From 6 April 2026, the Government increased the threshold for Agricultural Property Relief (APR) and Business Property Relief (BPR).
- Individuals can now pass on up to £2.5 million of qualifying agricultural or business assets with full relief.
- Couples can now transfer up to £5 million tax‑free through the transferable allowance.
This replaces the Autumn Budget 2024 proposal to cap full relief at £1 million.
The higher limits mean fewer estates are expected to lose full relief, offering greater protection for typical family farms and small businesses. Only the largest estates are likely to be affected once the rules take effect.
For more information, visit the Government website.
Making the most of the gifts out of income exemption
Gifts out of income that are part of normal expenditure will be exempt from IHT – regardless of how long before death the gifts were made. In this guide we explain:
- what ‘normal expenditure’ means;
- the importance of record keeping; and
- how to claim the exemption.
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What our experts have to say
The most up-to-date articles on this topic, directly from our in-house Technical Team.
Preparing for the IHT changes: your next steps
HMRC misses the mark on IHT changes
Passing on wealth: how IHT changes will affect pension planning
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Navigate the IHT shake-up with expert insight
Connect 2026
Various
28 July & 30 July
Our Connect sessions are designed to help paraplanners and adviser support staff expand their technical pensions and investment knowledge.