Could Your Pension Increase the Inheritance Tax Bill on Your Family Home? The hidden consequence of the 2027 pension changes that many families haven’t considered. If someone asked you today what determines the Inheritance Tax your family might pay on your estate, what would you say? Most people would probably answer: “The value of the…
The Pension Double Tax Trap: Could your family pay both Inheritance Tax and Income Tax? For years, one piece of retirement planning advice was almost universal: Spend your savings. Spend your ISAs. Leave your pension until last. It wasn’t just good investment planning. For many people, it was also good tax planning. From April…
Pensions & Inheritance Tax from 2027: Understanding the New Rules for Unused Pension Funds A change that could affect more families than you might think For years, one of the most common pieces of retirement advice was surprisingly simple: Spend your savings. Spend your ISAs. Leave your pension until last. Why? Because, in many cases,…
Inheritance Tax and Executors: What the Proposed 2027 Changes Could Mean Losing a loved one is difficult. Managing their estate can make an already stressful time even more challenging. Under proposed government changes due to take effect from April 2027, unused pension funds may become subject to inheritance tax (IHT). If these changes go ahead,…
Pensions and Inheritance Tax: What the Proposed Changes Could Mean for Executors Losing a loved one is difficult. Unfortunately, dealing with their estate often adds further pressure at an already emotional time. From April 2027, proposed government changes could bring unused pension funds within the scope of inheritance tax (IHT). As a result, executors may…
Life Insurance for Inheritance Tax: Could It Help Protect Your Estate? Nobody wants to leave their family with an unexpected tax bill. With proposed changes set to bring unused pension funds within the scope of inheritance tax (IHT) from April 2027, many people are reviewing their estate planning arrangements. As a result, life insurance for…
Budget Watch: IHT Reform Sparks Planning Alert We track the political commentary leading up to the Budget closely because small policy shifts can have a big impact on our clients. With pensions already set to fall under Inheritance Tax (IHT) from 2027, there are growing signs that wider reforms could be on the way. …
Inheritance Tax for Families: Why More Households Could Be Affected Many people still think inheritance tax (IHT) is only a problem for wealthy families. Increasingly, that’s no longer the case. Property prices have risen. Pension values have grown. However, inheritance tax allowances have remained frozen for years. As a result, more families could find themselves…
The Great IHT Debate: What It Means for Your Wealth Inheritance Tax (IHT) is among the most hotly debated aspects of personal finance. Once seen as a “tax on the very wealthy”, it is now catching more and more families in its net. With pensions set to be included from April 2027, the debate…
How Can I Use My Pension to Buy My Business Premises? At Fathom Financial, we know that business owners are always looking for ways to maximise tax efficiency, build long-term wealth, and secure their financial future. One powerful but often overlooked strategy is using your pension to buy your business premises. By structuring…