Unused pension funds and IHT from April 2027

Unused pension funds and IHT from April 2027

by | Aug 28, 2025 | Inheritance Tax

From 6 April 2027, new measures first announced in the Autumn Budget 2024 will come into force. These changes will bring most unused pension funds and death benefits into the scope of Inheritance Tax (IHT) from April 2027. This represents a major change to the tax...
Trusts and Income Tax

Trusts and Income Tax

by | Aug 14, 2025 | Inheritance Tax

Trustees must manage assets, follow tax rules, and register with HMRC where required. A trust is a legal arrangement in which a trustee, either an individual or a company, is entrusted with managing assets such as land, money, or shares on behalf of others. These...
Who can claim the IHT residence nil rate band

Who can claim the IHT residence nil rate band

by | Aug 7, 2025 | Inheritance Tax

With the Residence Nil Rate Band (RNRB), families can pass on up to £1 million without IHT The RNRB is an additional £175,000 Inheritance Tax (IHT) allowance that applies when a person’s main residence is passed to a direct descendant, such as a...
Estate valuation for IHT purposes

Estate valuation for IHT purposes

by | Jul 31, 2025 | Inheritance Tax

Before probate begins, you must estimate the estate's value to see if Inheritance Tax applies. This includes valuing the deceased person's money, property and belongings in order to determine if Inheritance Tax (IHT) is due. This process is important...
Current Inheritance Tax thresholds

Current Inheritance Tax thresholds

by | Jul 24, 2025 | Inheritance Tax

Married couples can pass on up to £1 million tax-free if they plan their estates carefully. The Inheritance Tax  (IHT) nil-rate band is currently £325,000. This means there is normally no IHT to pay if an estate is valued below this threshold. This...