Reducing inheritance tax without children

Should I gift a lump sum from my pension to family? Understanding the Inheritance Tax implications | Accountants Bury St Edmunds, Ipswich & Thetford

You are likely aware of the upcoming inclusion of unspent pension pots for Inheritance Tax (IHT) calculations from 6 April 2027. This has sparked a wave of interest in finding alternative ways to save for the future. While it might… The post Should I gift a lump sum from my pension to family? Understanding the Inheritance Tax implications appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

Reducing inheritance tax without children

Why inheritance tax can be higher if you don’t have children The UK tax system has a soft spot for the traditional family setup. Married with two kids is no longer the only way we live, but it often feels like the tax system favours that arrangement. If you’re looking at reducing inheritance tax without children, the rules can seem particularly frustrating, but there are still effective planning options available. Couples with children can pass…