Government plans to slap inheritance tax on pensions are already galvanising families into action to protect estates before rules change in just over a year's time. These kick in from April 2027, but ...

Pension savers are being encouraged to switch beneficiaries on their pension paperwork now to protect their retirement pot from inheritance tax for the next 16 months. When someone starts saving into ...

Additionally, reducing inheritance taxes is possible, provided the owner of the assets is still alive to make the arrangements. As a taxpayer, you may also take advantage of certain state discounts.

More families are setting up trusts to avoid paying inheritance tax, figures from HMRC suggest.