Pension Inheritance Tax Changes — April 2027
Helping You Navigate the Biggest Pension Tax Change in a Generation
From April 2027, most pensions will be included in your estate for inheritance tax purposes for the first time. If your pension exceeds £1 million, new tax rules could cost your family significantly in inheritance tax1.
- Understand what's changing in April 2027
- Learn how your pension could be taxed
- Discover strategies to protect your family's inheritance
2027 Pension Tax Changes — What You Need to Know
Individuals with larger pensions — particularly those valued over £1 million — are likely to be most affected. If your combined estate (including property, savings, and now potentially your pension) exceeds the inheritance tax threshold, your beneficiaries could face significant tax bills. High earners and those who have maximised pension contributions over their careers should pay close attention.
Your Adviser — James Murphy
James Murphy is a Financial Planner at Rose Associates Financial Planning, a Partner Practice of St. James's Place. With over 15 year's experience, he specialises in helping families manage inheritance tax and pass on wealth efficiently.
Rated 4.8 out of 5 on VouchedFor by verified clients and recognised as a Top Rated Adviser 2026, James is known for his clear, practical approach to complex financial decisions.
- Inheritance tax and estate planning
- Retirement and pension planning
Protecting Your Family's Financial Future
The April 2027 changes mean that without proper planning, your loved ones could face a significant inheritance tax bill on your pension savings. Early action is key to minimising the impact.
We offer a range of strategies tailored to your circumstances:
- Pension drawdown and withdrawal planning
- Trust and estate restructuring
- Life insurance solutions for IHT liabilities
- Spousal and family pension strategies
- Tax-efficient gifting
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.
Trusts are not regulated by the Financial Conduct Authority.
Frequently Asked Questions
What are the 2027 pension inheritance tax changes?
Who will be most affected by these changes?
What strategies can protect my pension from IHT?
Why should I act now rather than wait until 2027?
What happens during a consultation?
Is my adviser regulated?
1Inheritance Tax: unused pension funds and death benefits - Gov UK - November 2025
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