Professional Adviser has garnered opinion from pensions experts on what the year ahead has in store for advisers and savers...
Nucleus Financial head of technical Andrew Tully The big pension change announced in the Budget was including pension death benefits within the estate for inheritance tax (IHT) purposes from 6 April 2027. It's not yet clear how this will work in practice, with a consultation ongoing (closing on 22 January) and draft legislation expected mid-year. In future, some people may take more withdrawals from their pensions within the basic rate income tax band. And spend, gift or shelter that income taken. For example, use pension withdrawals to set up an ISA or a pension for grandchildren....
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes