Read up on pension taxation changes with Smart Money

Read up on pension taxation changes with Smart Money
Posted on May 22, 2026

A major shift in pension taxation is set to reshape wealth-transfer planning in the UK.

From 6 April 2027, unspent pension pots will no longer be exempt from Inheritance Tax (IHT) and may be taxed at 40% if your estate exceeds the IHT threshold.

This change challenges traditional strategies – families should rethink how they draw down their retirement assets. Early preparation, including estate valuation and exploration of tax-efficient options such as gifting or trusts, will be essential to protect your legacy.

Click here to download the guide.

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