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UK Pension IHT Changes: What You Need to Know
Technical Guides • UK Pension IHT Changes: What You Need to Know
UK Pension IHT Changes: What You Need to Know
How the April 2027 changes could affect your pension and wider estate planning
How the April 2027 changes could affect your pension and wider estate planning
The Inheritance Tax treatment of UK pensions is changing. From 6 April 2027, most unused pension funds and pension death benefits will be brought within the value of an individual's estate for UK Inheritance Tax purposes.
For people who have built up pensions in the UK, including those who now live overseas, this could change the role those assets play within wider retirement and estate planning. Pensions that may previously have been considered separately for Inheritance Tax purposes will increasingly need to be looked at alongside property, investments, savings and other assets.
Our free guide explains what is changing, who may be affected and the questions worth considering before the new rules take effect. It also looks at the particular considerations for internationally mobile individuals, where UK pensions may sit alongside assets, beneficiaries and tax obligations in more than one country.
Inside the Guide You'll Discover:
- What is changing to the Inheritance Tax treatment of pensions from 6 April 2027
- Which pension funds and death benefits may fall within the new rules
- How the treatment of pension wealth before and after April 2027 compares
- Why your beneficiaries and wider estate can affect the potential IHT position
- What the changes could mean if you live outside the UK but retain UK pensions
- How Inheritance Tax and Income Tax can interact when pension benefits are inherited
- Why transferring or withdrawing pension funds is not automatically the right response
- The key questions to consider when reviewing your pensions, retirement income and estate planning
Who This Guide is For
This guide is designed for:
- UK pension holders who now live overseas
- British expatriates with pensions accumulated during their time in the UK
- Individuals with significant unused pension wealth or several UK pension arrangements
- Those who have previously viewed their pension as an asset to pass on to beneficiaries
- Internationally mobile individuals and families with assets or beneficiaries across several countries
- Anyone who wants to understand how the April 2027 changes could affect their retirement and estate planning
The new rules will not affect everyone in the same way, and they do not mean that every UK pension will become subject to Inheritance Tax.
They do, however, create an important reason to review how your pension fits alongside your wider estate, retirement income plans and beneficiary arrangements before the changes take effect.
Download your free guide to understand the April 2027 pension and Inheritance Tax changes and what they could mean for your wider financial plans.
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