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Planning for Pensions and IHT
Description
From April 2027, many unused pension funds are set to be brought into the IHT net, changing how pensions work for legacy planning. Pete and Roger explain what's changing, what still remains exempt, where "double tax" can arise, and the practical steps to consider now — without rushing into knee-jerk decisions.
01:55 KNOW - Pensions no longer outside of estate
09:49 KNOW - Some important exemptions still remain
10:32 KNOW - In some cases there could be TWO taxes
14:15 KNOW - The administration will also change
16:58 KNOW Summary
17:15 DO - Rethink the old "leave the pension last" strategy
22:40 DO - Review who your beneficiaries actually are
24:56 DO - Consider using surplus pension income while you're alive
26:35 DO - Don't rush into drastic decisions
30:39 Podcast Review
Shownotes: https://meaningfulmoney.tv/session616