Pensions & inheritance tax changes in the Budget: How are you impacted?
Changes to pensions & inheritance tax in the Budget A major change is coming to how pensions and inheritance tax (IHT) work together. The chancellor, Rachel Reeves announced in the Budget 2024, pensions would no longer be excluded from your estate and are, therefore, subject to IHT. Until now, many families have used pensions as […]
Will the inheritance tax threshold freeze impact you?
Inheritance tax threshold frozen until 2030 Nobody likes paying taxes, but inheritance tax (IHT) tends to spark a particular frustration. After all, you earn, invest and save all your life. You wish to provide a solid financial base for your family after you pass and then, you get taxed when you die. With the government […]
