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SERIES · STATUTE ANALYSIS · 2026

The April 2027 Pension Reform.

The Finance Act 2026 ends a decade-long architectural feature of the UK pension system. Unused pensions, held under trustee discretion, passed to chosen beneficiaries free of inheritance tax.

From 6 April 2027 they are classified as Notional Pension Property and aggregated with the estate for the IHT calculation.

Five pieces. Foundational technical brief, strategy collapse, consumer exposure, trade-press detail, and the fraud wave around the reform.

Each cites the statute. Each counters at least one of the misconceptions that mainstream coverage will reproduce.

Together, the editorial baseline against which more imprecise reporting can be measured.

§I

Read in order.

Foundations & the family angle

The statute behind the series — and the record that answers it.

The five essays above map what the April 2027 reform does. These read underneath it: the Finance Act that made it law, the household record that turns a 15-month freeze into a clean payment, and the frozen thresholds quietly widening the net alongside it.

§II

Run the numbers against your own estate.

The IHT Calculator models the April 2027 inclusion with a single toggle. Try your estate with and without the pension included — and see whether the reform's headline rate is, for your household, the largest concern or the smallest.

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