Andy Burnham Supports Raising Inheritance Tax to 50%, Increasing Costs for Households by £53,000 Tuesday, July 14, 2026 inheritancetax andyburnham labourparty taxpolicy estates wealthmanagement politics hmrc taxincrease ukgovernment 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 … Read More
Rachel Reeves’ Inheritance Tax Changes to Cost Families £110,000 on £600,000 Estates Wednesday, July 1, 2026 inheritancetax pensions estateplanning labourparty rachelreeves financialplanning taxchanges blendedfamilies unmarriedcouples hmtc 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 … Read More
HMRC Confirms Tax Rule Change Impacting 10,500 More Households Saturday, June 20, 2026 hmrc inheritancetax taxchange pensions estates taxliability financialplanning hmrcupdates taxthresholds wealthmanagement 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 … Read More
HMRC Revises Pension Tax Rules for Deaths After Age 75 Starting 2027 Friday, June 12, 2026 hmrc pensions inheritancetax taxation estateplanning retirement wealthtransfer taxreform pensionbenefits taxcompliance 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 … Read More
State Pensioners Born Before 1960 Accelerate Withdrawals Ahead of 2027 Inheritance Tax Changes Thursday, April 23, 2026 pensions statepension inheritancetax withdrawals retirement financialplanning wealthmanagement tax marketvolatility risk 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 … Read More
UK Households Could Face 40% Inheritance Tax on Christmas Gifts from HMRC Monday, December 22, 2025 inheritancetax gifts hmrc ukfinance taxplanning christmas giftallowance estateplanning taxexemption personalfinance 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, … Read More