HMRC Will Take 40% of Your Pension From April 2027 — Unless You Do This Now

Описание: From 6 April 2027, unused UK pension pots will be included in your estate for inheritance tax — taxed at up to 40% above the available thresholds. For the first time in over a decade, pensions stop being a tax-efficient way to pass wealth to your children.

The Office for Budget Responsibility estimates 213,000 additional estates will be pulled into inheritance tax every year by 2029/30. The largest IHT base broadening in 40 years.

This video breaks down exactly how much your family could lose, with four real-world scenarios — and the five legal strategies you have to minimise the damage.

You'll see:

→ The exact rule change taking effect on 6 April 2027
→ The £325,000 nil-rate band and £175,000 residence nil-rate band explained
→ Four worked scenarios (£200K pot, £500K pot, £800K SIPP, married couple)
→ The "double tax trap" — how families can lose up to 67% to combined IHT + income tax
→ Five legal strategies (Spend pension first, Lifetime gifting, Whole-of-life insurance in trust, Charitable giving, 25% lump sum + gifts)

📊 KEY FIGURES VERIFIED (MAY 2026):
Effective date: 6 April 2027 (Finance Bill 2025-26)
Nil-Rate Band: £325,000 (frozen since 2009)
Residence Nil-Rate Band: £175,000 (main home to direct descendants)
Combined single allowance: £500,000
Combined couples allowance: £1,000,000
IHT rate above threshold: 40%
Effective rate after double tax (post-75): up to 67%
Annual gift exemption: £3,000/year
Gifts from surplus income: unlimited, no 7-year rule
7-year rule for PETs
Charitable 10% rule: rate drops 40% → 36%


📺 New UK pension videos every Friday/Tuesday.

⚠️ DISCLAIMER: This video is for educational purposes only and does not constitute financial advice. The rules take effect 6 April 2027 under Finance Bill 2025-26 and may be amended. For personalised guidance, consult an FCA-regulated financial adviser, an estate planning solicitor, or book a free Pension Wise appointment through MoneyHelper.

🔗 USEFUL OFFICIAL LINKS:
Inheritance Tax rates & allowances: gov.uk/inheritance-tax
Check your pension forecast: gov.uk/check-state-pension
Pension Wise (free guidance): moneyhelper.org.uk/pensionwise
Marriage Allowance: gov.uk/marriage-allowance
ISA rules: gov.uk/individual-savings-accounts

📚 SOURCES:
HMRC — Inheritance Tax thresholds and rates 2025/26
OBR — Autumn 2025 Costings (IHT base broadening)
Royal London — Pension Death Benefits from April 2027
Finance Bill 2025-26 — Pension IHT provisions
Autumn Budget 2024 + Autumn Budget 2025 — Reeves IHT announcement

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