{"id":20104,"date":"2025-08-28T10:39:03","date_gmt":"2025-08-28T09:39:03","guid":{"rendered":"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/?p=20104"},"modified":"2025-08-28T09:39:19","modified_gmt":"2025-08-28T09:39:19","slug":"pension-pots-are-still-set-to-be-raided-by-the-government","status":"publish","type":"post","link":"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/","title":{"rendered":"Pension pots are still set to be raided by the Government"},"content":{"rendered":"

By Craig Reid, Partner<\/em><\/p>\n

Despite some concern and protest, the Government has recommitted its intention to make unspent pension pots a part of a person\u2019s estate for Inheritance Tax (IHT) calculation.<\/p>\n

The change is still set to come into force from 6 April 2027, and will have a profound impact on the way that people structure their finances.<\/p>\n

If you have been saving into a pension pot for years, you might now be worried that your family will miss out.<\/p>\n

We are going to look at the proposals and see how you can handle the changes to protect your family.<\/p>\n

How will pensions now be impacted by Inheritance Tax?<\/strong><\/h3>\n

Your pension savings have long lived in a vault outside your estate and have been fully exempt from IHT.<\/p>\n

This has meant that pensions were a good way to have tax-efficient savings that could pass to loved ones untouched.<\/p>\n

That exemption made pension planning a cornerstone of efficient wealth transfer, resulting in many people forgoing pay rises and putting the money into pensions instead.<\/p>\n

The dream of pension points turned sour with the 2024 Autumn Budget<\/a> announcing that any \u201cunused\u201d pension funds, even death in service benefits, would be added to your estate value.<\/p>\n

Most troubling is that the burden of handling the IHT admin falls to personal representatives, or executors.<\/p>\n

These are often grieving family members who are not likely in the best headspace to deal with tax filings while mourning their loss.<\/p>\n

However, they will have to work within a tight six-month deadline to avoid facing penalties and fines.<\/p>\n

This was why the move faced considerable backlash, yet the Government has declared it will press on regardless<\/a>.<\/p>\n

How will the changes impact my family?<\/strong><\/h3>\n

It is estimated that 10,500 estates that previously paid no IHT will become liable under these new provisions.<\/p>\n

Alongside this, a further 38,500 estates will see higher bills as the changes will add roughly \u00a334,000, on average, to their liability.<\/p>\n

As many as 213,000 estates could contain pension wealth subject to tax, and the government expects to raise around \u00a31.5\u202fbillion annually by 2030.<\/a><\/p>\n

It is entirely possible that you are now facing down the threat of an IHT bill where once it might not have affected you.<\/p>\n

The changes to pension considerations are only one part of the tapestry of IHT reform that serves to pull more and more people into the firing line.<\/p>\n

There had been some hope that pension providers could have dealt with IHT on behalf of bereaved families, but this seems not to be the route the Government is pursuing.<\/p>\n

As such, it may be time to rethink your investment strategy to spare your family the additional challenge of navigating IHT filings.<\/p>\n

We are on hand to help you and your family understand the changes and mitigate as much of the impact as possible.<\/p>\n

There is still time to address where your money resides ahead of the implementation of the policy in 2027.<\/p>\n

Your money should help you and your family, and we can help make sure that you retain control over your financial future.<\/p>\n

Take back control of your family\u2019s finances. <\/strong>Speak to our team today<\/strong><\/a>!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By Craig Reid, Partner Despite some concern and protest, the Government has recommitted its intention to make unspent pension pots a part of a person\u2019s estate for Inheritance Tax (IHT)… Read more…<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,17,30,13,31,32],"tags":[],"class_list":["post-20104","post","type-post","status-publish","format-standard","hentry","category-blog","category-business","category-craig-reid","category-inheritance","category-pension","category-pensions"],"yoast_head":"\nPension pots are still set to be raided by the Government - Moore Thompson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pension pots are still set to be raided by the Government\" \/>\n<meta property=\"og:description\" content=\"Despite some concern and protest, the Government has recommitted its intention to make unspent pension pots a part of a person\u2019s estate for Inheritance Tax (IHT) calculation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/\" \/>\n<meta property=\"og:site_name\" content=\"Moore Thompson\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-28T09:39:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-28T09:39:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/wp-content\/uploads\/2025\/08\/Craig-Reid-Blog-28.08.png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Pension pots are still set to be raided by the Government\" \/>\n<meta name=\"twitter:description\" content=\"Despite some concern and protest, the Government has recommitted its intention to make unspent pension pots a part of a person\u2019s estate for Inheritance Tax (IHT) calculation.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/#\/schema\/person\/7492a5f598cd9d391448860764f43b16\"},\"headline\":\"Pension pots are still set to be raided by the Government\",\"datePublished\":\"2025-08-28T09:39:03+00:00\",\"dateModified\":\"2025-08-28T09:39:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/\"},\"wordCount\":530,\"articleSection\":[\"Blog\",\"Business\",\"Craig Reid\",\"Inheritance\",\"Pension\",\"Pensions\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/\",\"url\":\"https:\/\/www.moorethompson.co.uk\/specialist-sectors-blog\/pension-pots-are-still-set-to-be-raided-by-the-government\/\",\"name\":\"Pension pots are still set to be raided by the Government - 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