In the press

‘Inheritance Tax (IHT) changes create ‘serious challenges’ for thousands of retirement savers’

New rules from April 2027 enforce 40% IHT and Income Tax on defined‑contribution pensions within 60 days of death – even illiquid holdings like SIPP property. Advisers warn this may force fire sales and suggest restructuring holdings, increasing liquid assets, and rethinking estate planning strategies to navigate the new tax landscape.

https://www.ft.com/content/

We covered this topic in our last edition in depth. You can read about our comments here.

‘’Wealthy fear more tax hits in Autumn Budget’

Advisers report the affluent increasingly expect Capital Gains Tax (CGT) rates aligned with Income Tax, further IHT burden, and possible wealth taxes in the next Budget. With pensions and business assets now under IHT scope, many have taken defensive action—gifting, trust structuring, and emigration—signalling eroding investor trust in long-term tax stability.

https://www.ft.com/content/

In the run-up to the Autumn Budget last year, there was a lot of speculation about the incoming Labour government and the changes they might make to taxation. This was a continuation of the impact under the previous Conservative Government, where the increasing cost of services, including the cost of the national debt, meant that additional income was needed. We will cover in a future edition some of the measures you may like to consider to help reduce what appears to be an ever increasing tax burden.

Facing a £6.25 billion fiscal shortfall, Chancellor Reeves may freeze income tax thresholds until 2030 (raising £9.2 billion), cut cash ISA limits, and reform pension tax relief (currently costing £42.5 billion), possibly switching to flat 30% relief. A hike in corporation tax or wealth tax remains under debate. Equity markets and retirement savers could see lasting consequences.

https://www.thetimes.com/uk/politics

The Times covers the same topic, listing the possible changes in scope.

If you see any articles you would like us to comment on, please send them to your usual Financial Planner or send to us here.