The 2024 Autumn Budget introduced a major shift in how pensions will be treated for Inheritance Tax (IHT), with proposed changes set to take effect in April 2027. Under the new rules, pension funds—currently exempt from IHT—will become subject to it, creating significant implications for financial planning.
This animated video is designed specifically for financial advisers and accountants, providing a simple yet effective way to explain these complex changes to clients. It breaks down the proposed rules, highlights the potential impact on estates, and uses clear examples to demonstrate how rising pension values and frozen allowances could result in unexpected and significant tax liabilities.
Key features of the video include:
- A concise explanation of the proposed changes and how they alter the financial planning landscape.
- Real-world examples that illustrate the potential tax implications for individuals and families.
- A call to action encouraging clients to review their financial strategies now to mitigate future liabilities.
Use this video as a powerful tool to educate your clients, spark proactive planning discussions, and position yourself as a trusted adviser in navigating these changes.