Harriet Betteridge writes for Tax Adviser on pensions and inheritance tax
From April 2027, pensions will become subject to inheritance tax, ending their longstanding exemption and changing how they fit into estate planning. This shift means executors, not pension administrators, will be responsible for reporting and paying the tax, creating new administrative and financial challenges..
Harriet Betteridge, Partner in the Private Client team, writes for Tax Adviser on this development.
What does it mean to me?
If you hold significant pension wealth, it may now face inheritance tax when you die, reducing what passes to your beneficiaries. You and your executors will need to plan carefully for liquidity, administration and potential double-taxation risks.
What can I take away?
Review your estate plans, pension nominations, and executor choices well before the 2027 implementation date. Early, proactive planning with advisers can help to minimise tax exposure and ensure your estate is administered smoothly under the new rules.
Read the full piece in Tax Adviser here.
