wealthtransfer on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/wealthtransfer/Recent content in wealthtransfer on Birmingham DailyHugo -- gohugo.ioen-usFri, 12 Jun 2026 05:14:44 +0000HMRC Revises Pension Tax Rules for Deaths After Age 75 Starting 2027https://birminghamdaily.co.uk/hmrc-revises-pension-tax-rules-for-deaths-after-age-75-starting-2027/Fri, 12 Jun 2026 05:14:44 +0000https://birminghamdaily.co.uk/hmrc-revises-pension-tax-rules-for-deaths-after-age-75-starting-2027/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 will be treated as part of the deceased’s estate for Inheritance Tax (IHT) purposes. This reform addresses long-standing concerns about pension schemes being exploited as tax avoidance tools to transfer wealth, rather than fulfilling their primary purpose of funding retirement.