Standard Life is set to enhance its inheritance tax planning advice for customers, following upcoming Budget changes that will affect how unused pension funds are treated.
Standard Life is expanding its inheritance tax planning advice for customers. This move comes as customers prepare for changes announced in the Budget.
From April 6, 2027, most unused pension funds and death benefits will be incorporated into the value of an individual's estate for inheritance tax calculations.
Why this matters: The upcoming changes to inheritance tax rules could affect how individuals' estates are valued, potentially impacting their beneficiaries.
What this means for you: If you have unused pension funds or death benefits, these may be included in your estate for inheritance tax purposes from April 6, 2027.
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