The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027.

The two models meet the Government’s revenue objectives while avoiding the risk of delays, confusion, and added pressure on bereaved families.

Around 42% of advisers already receive support from specialist IHT providers, according to research.

Two thirds of IFAs recommend clients increase the retirement income they take and three quarters re-evaluate the role of annuities.

Reeves says stricter rules on inheritance tax will raise more than £2bn.

As rumours surrounding changes to both inheritance tax and capital gains tax being unveiled during the Autumn Statement gather pace, Tax expert Jordan Gillies looks at the likely...