Andy Burnham, the newly elected Labour MP for Makerfield, is reportedly considering a proposal to increase the inheritance tax rate from the current 40% to 50%. This move, supported by the Labour-affiliated Institute for …
Rachel Reeves, soon to be replaced as Labour Party Chancellor, has confirmed a significant change to inheritance tax (IHT) rules that will come into effect in April 2027, impacting families across the UK. The new regulations …
HM Revenue & Customs (HMRC) has confirmed a significant shift in inheritance tax (IHT) rules, set to affect an additional 10,500 estates starting from April 2027. This change comes as part of the government’s efforts to …
HM Revenue & Customs (HMRC) has announced significant changes to the taxation of pensions when a person dies after reaching age 75. Effective from 6 April 2027, the majority of unused pension funds and pension death benefits …
State pensioners born before 1960 are increasingly withdrawing funds from their private pensions in anticipation of significant inheritance tax (IHT) changes coming into effect in April 2027. This rush is driven by new …
HMRC has issued a warning to UK households: improper gifting this Christmas could lead to hefty inheritance tax (IHT) charges. Personal finance experts are urging families to be mindful of the £3,000 annual gift allowance, …