Planning for Pensions and IHT

From April 2027, many unused pension funds are set to be brought into the IHT net, changing how pensions work for legacy planning. Pete and Roger explain what's changing, what still remains exempt, where "double tax" can arise, and the practical steps to consider now — without rushing into knee-jerk decisions.

01:55 KNOW - Pensions no longer outside of estate

09:49 KNOW - Some important exemptions still remain

10:32 KNOW - In some cases there could be TWO taxes

14:15 KNOW - The administration will also change

16:58 KNOW Summary

17:15 DO - Rethink the old "leave the pension last" strategy

22:40 DO - Review who your beneficiaries actually are

24:56 DO - Consider using surplus pension income while you're alive

26:35 DO - Don't rush into drastic decisions

30:39 Podcast Review

 

Shownotes: https://meaningfulmoney.tv/session616