inherittax on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/inherittax/Recent content in inherittax on Birmingham DailyHugo -- gohugo.ioen-usTue, 30 Jun 2026 04:52:49 +0000State Pensioners Rush to Buy Annuities Ahead of 2027 Pension Tax Rule Changeshttps://birminghamdaily.co.uk/state-pensioners-rush-to-buy-annuities-ahead-of-2027-pension-tax-rule-changes/Tue, 30 Jun 2026 04:52:49 +0000https://birminghamdaily.co.uk/state-pensioners-rush-to-buy-annuities-ahead-of-2027-pension-tax-rule-changes/Retirees are increasingly purchasing annuities as they prepare for significant changes to pension tax rules coming in 2027 under Chancellor Rachel Reeves' new policies. Standard Life reports that the number of customers over 75 buying annuities with their pension savings in early 2026 has surged more than fourfold. From 6 April 2027, most pension funds will be considered part of the member’s estate for inheritance tax (IHT) purposes. This change includes pension payouts made as lump sums, drawdown to beneficiaries, or annuities.