Gen Z – betting on an inheritance – time to stand on your own two feet?
Some Gen Z and Millennials expect to use inheritance to fund retirement, but this is risky. Making pension contributions early, combining your pots and making the most of tax relief can help prepare for a more reliable financial future.
Unspent pensions to be included in IHT from 2027
From April 2027, unspent pensions will fall within IHT, potentially raising bills and risking double taxation. Reviewing your arrangements now, from gifting and trusts to charitable giving, can help protect wealth and ensure assets pass smoothly to loved ones.
Insights
Insights Behind all great advice is in-depth knowledge. Here’s everything you need to know about pensions, property, government fiscal policy and the state of the UK economy. We’ll explain what it all means for you and finances. Categories Budget Budget Articles Business Economy General Financial Inheritance Tax Investing Mortgages Protection Retirement Planning All
