For years, investors have been able to think about pensions as both saving for retirement and efficient estate planning for the future. From 6 April 2027, that calculation changes.
Most unused pension funds will be brought into scope for inheritance tax (IHT), a shift that will alter how many investors think about pensions, and the transfer of wealth across generations.
The changes will not mean that pensions suddenly become unattractive. Far from it. They remain one of the most powerful long-term savings structures available. But it does mean that the role pensions play in intergener…
