Currently pensions are typically free from inheritance tax (IHT).
While the final legislation is still to be published, we know that most pensions will no longer be exempt from IHT from 6 April 2027. This means that any money left in your pension when you die might be subject to 40% tax.
You do not need to do anything before the Autumn Budget because of these changes. Pensions may continue to offer important planning advantages until the new rules are introduced. Consider speaking to a financial adviser before making any changes to your plans.
Learn more about pensions and inheritance tax
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