Pension consultants call for greater awareness as scale of IHT change burden becomes clear

Consultants expect significant operational challenge as reforms come in

Alex Levy
clock • 6 min read
Pictured left to right: Barnett Waddingham's Julian Mainwood; HS Trustees' Palwinder Hare; LCP's Justine Joy; NFP's Martin Parish
Image:

Pictured left to right: Barnett Waddingham's Julian Mainwood; HS Trustees' Palwinder Hare; LCP's Justine Joy; NFP's Martin Parish

The new inheritance tax (IHT) regime will bring fresh administrative challenges for providers and pension scheme administrators (PSAs), consultants say.

From April 2027, most unused pension pots will fall within a member's estate and could become subject to IHT for the first time, meaning schemes will need to work more closely with personal represe...

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