Changes to inheritance tax
The Government has announced further changes regarding how the inheritance tax (IHT) regime will operate once pension scheme death benefits become subject to IHT in April 2027. Personal representatives will be able to direct pension scheme administrators to withhold 50% of taxable benefits for up to 15 months and pay IHT due in certain circumstances. […]
Changes to pension ages
The State Pension Age (SPA) and Normal Minimum Pension Age are set to rise. Read more to find out how this could affect you: Visit gov.uk/state-pension-age to check your SPA.
Bereavement Support Payment
Losing a loved one is never easy, but claiming the death benefits you and your family are entitled to should be. If your partner has unfortunately passed recently, or you know someone that has lost their partner, then we strongly recommend looking into the Bereavement Support Payment. This may be available to those who were […]
Key pensions items from the Chancellor’s autumn statement 2025
Triple lock: This remains in place so the State Pension will keep going up each year by the highest of 2.5%, inflation or earnings growth. State Pension increases will be 4.8% from April 2026. ISA reforms: From April 2027, the annual tax-free allowance in cash ISAs will be reduced from £20,000 to £12,000 for under […]
Updated Retirement Living Standards 2025
The Pensions UK ‘Retirement Living Standards’ help savers think in a practical way about the kind of lifestyle they might lead in retirement. They have updated their standards in line with rising healthcare, food and fuel prices and the need to provide extra financial support to family. They now suggest a single person will need […]