The growing importance of lifetime gifting

The Government’s decision to bring pensions into the inheritance tax (IHT) net from April 2027 is prompting many families to rethink estate planning. In the latest article for Professional Adviser’s Retirement & IHT Reform portal, Shaun Moore, tax and trust specialist at Quilter focuses on lifetime gifting. The article explores: • Why the normal expenditure out of income exemption can be so effective • What HMRC looks for: intention, pattern and evidence • Where pension income may fit, depending on how it is taken • Practical record-keeping points advisers can flag early Click...