Latest news
& updates

In the Autumn Budget 2024, the government announced that most unused pension funds and death benefits would be included in the value of a person’s estate for Inheritance Tax (IHT) as from 6 April 2027. A consultation was then launched, that ended in January 2025, to confirm some of the practical issues over liability, reporting and payment of IHT and the consultation outcome was published on Monday this week. One welcome clarification is that all death in service benefits will remain out of scope of IHT, including those that are held in registered pension schemes. In fact this will now […]

The Government have published their response to the 2024 ‘Improving the effectiveness of the Money Laundering Regulations’ consultation and we are delighted that common sense has finally prevailed in relation to the registration of trusts that only hold a nominal amount. What are the planned changes? The Government will introduce a new exemption for trusts that satisfy all the following: The Trust/s • are not liable for relevant UK taxes • do not own or have an interest in UK land or property • do not exceed £10,000 in the value of accumulated assets held • do not have more […]