Wealthy pension savers could face combined tax exposure of up to 67% under new inheritance rules warns Adam Keates Associate Partner at Claritas Tax
From April 2027, unused pension funds and death benefits in the UK will be subject to inheritance tax, potentially leading to a combined tax exposure of up to 67% for wealthy pension savers, according to Claritas Tax. This change could increase inheritance tax liabilities for about 38,500 estates, with an average rise of £34,000. Individuals are advised to consult financial and tax advisers to explore strategies like pension withdrawals and gifting, which may mitigate tax impacts while consideri
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