Retiring in Worcester: The Great Escape (or Not?): Deciding Where to Live in Retirement
The way pensions are taxed upon inheritance is on the cusp of a significant shift, potentially causing many to re-evaluate their retirement strategies. The anticipated inclusion of unspent pension funds in Inheritance Tax (IHT) calculations from April 2027 is prompting individuals to carefully consider how they utilize their pension savings. Before making any alterations to your retirement plan, grasping the potential implications of these changes and finding the right balance between your retirement aspirations and the desire to pass on wealth is paramount.
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