PLAY PODCASTS
How to Protect Your Pension from Inheritance Tax Changes Coming in 2027
Episode 292

How to Protect Your Pension from Inheritance Tax Changes Coming in 2027

Christian and Kevin explain the major changes to inheritance tax on pensions coming in April 2027. They discuss how these new rules could increase tax bills for families, the basics of inheritance tax, and practical steps to protect your legacy. You’ll learn why consolidating pensions matters, how SSAS pensions can help business owners, and get clear, actionable advice to safeguard your wealth for future generations.

WealthTalk - money, wealth and personal finance. · Christian Rodwell, Kevin Whelan

July 11, 202539m 9s

Audio is streamed directly from the publisher (op3.dev) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Original episode page

Show Notes

In this week's WealthTalk episode, Christian and Kevin dive deep into the major changes coming to inheritance tax on pensions from April 2027. 

They explain how these changes impact UK pension holders, why awareness and action are critical, and practical steps to protect your legacy. 

The discussion covers the basics of inheritance tax, the new rules for pensions, the benefits of consolidating pensions, and how SSAS pensions can offer unique advantages for business owners and families. 

The episode is packed with actionable advice, real-life scenarios, and essential tips to help listeners safeguard their wealth for future generations.

 

Key Takeaways:

1. What’s Changing: From April 2027, pension assets will be included in your estate for inheritance tax purposes, potentially increasing tax bills for families.

2. How Inheritance Tax Works: Understanding nil rate bands, residence nil rate bands, and how thresholds apply to individuals and couples.

3. Why Consolidate Pensions: Multiple pensions can mean multiple fees and administrative headaches—consolidation can simplify estate planning and reduce costs.

4. SSAS Pensions: How Small Self-Administered Schemes can offer flexibility, family involvement, and strategies to mitigate inheritance tax.

5. Gifting Strategies: The difference between gifting from capital (subject to seven-year rule) and gifting from income (no seven-year rule).

6. The Role of Wills & Trusts: Why pensions usually sit outside your will, and the importance of using trusts for life insurance and asset protection.

 

Action Steps:

  • Check your state pension status.
  • Locate and consolidate your pensions.
  • Learn about SSAS and its benefits for business owners.
  • Review your estate planning, including wills, trusts, and powers of attorney.

 

Building a Family Wealth Legacy: Involving the next generation, sharing financial wisdom, and using family wealth structures to maintain and grow assets.

 

Practical Tips:

1. Don’t wait until 2027—start reviewing and organising your pensions now.

2. Put life insurance policies in trust to avoid unnecessary inheritance tax.

3. Use SSAS pension features like loanback and earmarking to support family wealth and business growth.

4. Download the Guide - Click here to join the waitlist for the upcoming step-by-step guide on inheritance tax and pensions. 

 

Resources mentioned in this episode

  • Download the Guide: Click here to join the waitlist for the upcoming step-by-step guide on inheritance tax and pensions.

Connect with WealthBuilders

  • Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.
  • For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!

Next Steps On Your WealthBuilding Journey: 

If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform

Topics

consolidate pensions ukestate planning with ssasinheritance tax planning ukhow to avoid ihtpension consolidation benefitswealthbuilders podcast episodeuk inheritance tax trustsuk business owner pension strategyinheritance tax wealthbuildersinheritance tax uk explainedssas pension inheritance taxuk pension guide 2027gifting from income ukhow to plan for iht changesinheritance tax guide ukinheritance tax changes 2027what is ssas pensionpension estate planning ukkevin whelan podcasthow to protect pension assetsestate planning advice ukuk pension tax advicefamily wealth legacy planningestate planning for familiesinheritance tax podcast uktrusts and pensions ukpension inheritance tax ukuk financial freedom podcasthow to use ssas for ihtuk financial planning podcastestate planning for business ownersavoid pension inheritance taxsmall self-administered scheme benefitsuk financial legacy tipsfinancial planning 2027tax-efficient pension planningwealth protection strategies ukinheritance tax on pensions 2027gifting strategies ukwealth transfer ukcapital gifts inheritance taxfamily financial planning ukfamily wealth planning ukuk legacy planning tipshow to reduce inheritance tax ukuk pension legacy planninguk pension advice podcasttrust planning for pensionsbuilding generational wealth ukinheritance tax thresholds ukuk inheritance tax pensionsimportance of wills ukiht rules uk explaineduk pension and ihtuk inheritance planning 2027seven year rule inheritanceuk pension estate taxuk pension tax rulesssas pension for familiestax-free gifting ukssas loanback featureuk pension death taxpension planning for familiespension strategy podcasthow to protect pension from inheritance taxbuild family wealth ukuk wealth podcastpensions outside of willinheritance tax new rules uklegacy planning uknil rate band explainedfamily financial education uklife insurance in trust ukpension tax planning ukwills and trusts ukwhy consolidate pensionschristian rodwell podcastnext generation wealth planninginheritance tax changes podcastpensions and tax efficiencyfuture inheritance tax ukinheritance tax tips ukintergenerational wealth ukestate planning uk pensionsssas pension podcastprepare for 2027 pension taxpension death benefits ukavoid inheritance tax ukssas for business ownerspension pots and ihtresidence nil rate bandwealth planning ukpensions estate value ukpension trust planningprotect pension from taxhow to leave pension to familyuk pension changes 2027inheritance tax and trustsssas vs sippssas pension benefitsiht mitigation strategiesinheritance tax nil rate band
← All episodes of WealthTalk - money, wealth and personal finance.