Gifts out of surplus income – points to consider
With the potential inclusion of pensions in the taxable estate from 2027, Inheritance Tax receipts are set to increase significantly. This is driving a corresponding increase in demand for estate planning advice. One area which has seen a particular uptick in activity has been gifting and especially gifting out of income exemption. This stems largely from concerns about pension funds becoming subject to Inheritance Tax and
October 15, 2025