This video focuses on the critical changes in UK inheritance tax (IHT) laws due to the 2024 budget. From April 2027, pension benefits will be included in estate valuations for IHT, which could significantly increase the tax burden on inherited pensions. Charles covers practical strategies to help you reduce your IHT liability on pensions, including consolidating pension plans, using trusts, and exploring business property relief plans.
Learn how to safeguard your pension and plan effectively to minimize the impact on your beneficiaries. For those with estates valued over £1 million, specialized IHT planning is essential, and Charles explains how to leverage advanced techniques like family investment companies and tax-free cash allocations to trusts.
Watch now to understand:
Recent budget changes affecting pensions and IHT
Strategic steps to protect your estate
Options for effective inheritance tax mitigation
Be proactive, plan for the future, and reduce the risk of substantial inheritance tax on your pension.
