25/09/2026
*Could inherited pension wealth be subject to both inheritance tax and income tax?*
It’s one of the most significant questions arising from the pension changes due in April 2027. Under the proposed rules, some beneficiaries could face both inheritance tax and income tax on inherited pension wealth, potentially reducing the amount passed on to loved ones.
Understanding when this could happen, who may be affected and what planning opportunities still exist is becoming an increasingly important part of estate planning.
If you’d like to discuss your circumstances, get in touch.
Southgate Wealth Management Ltd is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group's wealth management products and services, more details of which are set out on the group's website www.sjp.co.uk/products.
SJP Approved: 27/08/2026