Related topic: inheritance tax

Four in ten say clients will need a review of financial plans and 57% say they need to refresh or improve their knowledge on alternative strategies.

Advisers expect two thirds (66%) of their clients to be affected and will require IHT advice.

Changes to capital gains tax, dividend allowances, inheritance thresholds, and pension reliefs are all on the table as the Chancellor aims to plug an estimated £22bn to...

LCP says more needs to be done to ensure that pension schemes become aware of the death of a member as soon as possible.

25% of over 55s are actively not taking any action to account for the pension changes.

Dave Harris, CEO at more2life, explores why Inheritance Tax is becoming a more prominent element in later life lending decisions.

PIMFA says the changes could lead to bereaved individuals and families facing unfair costs and delays.

Key highlights the need for specialist advice on tax and income risks when gifting from pensions and property.

Proposals under review include potential changes to how wealth can be passed on before death to reduce inheritance tax liabilities. 

Advisers are urged to focus on the Consumer Duty challenge posed by the inclusion of unused pension funds in estates.