Protecting Your Legacy: Navigating the New UK Tax Landscape

Protecting Your Legacy: Navigating the New UK Tax Landscape

For years, pensions and family businesses were often shielded from Inheritance Tax (IHT). Recent reforms have rewritten these rules, meaning many existing Wills and legacy plans are now effectively outdated.

At Burdett Legal we are helping clients navigate two major shifts:

1. The Pension Trap (Coming April 2027)
   Most unused pension funds will soon be included in your estate for IHT purposes. This change could expose retirement savings to a 40% tax charge, potentially leaving families with a significantly reduced inheritance.

2. Business & Agricultural Relief Caps (Coming April 2026)
   The 100% relief for businesses and farms will be capped at a combined £2.5 million (transferable between spouses). Any value above this threshold will attract an effective 20% tax rate.

Why a Review is Essential
These changes impact anyone with a pension, a family home, or a business. If a legacy plan was written even two years ago, it may be outdated.

We offer free initial calls to review your current planning and provide you with options tailored to your legacy goals, whether that be a Will, Trusts, Lasting Powers of Attorney or Inheritance Tax Planning. The earlier you start planning the more efficient it will be.

You can reach us for a chat on:

Phone: 07703 687086

Email: 

Website: www.burdettlegal.co.uk

Your Family. Your Legacy. Our Expertise