33 - Could Your Pension Create An Inheritance Tax Problem?

Following their appearance together on the Martin Lewis Money Show Pensions Special, Nick is joined by Charlene Young, Senior Pensions and Savings Expert at AJ Bell and the Telegraph's "Pensions Doctor". With major changes to the inheritance tax treatment of pensions due from April 2027, many people are questioning whether their retirement plans still make sense. In this episode, Nick and Charlene discuss who could be affected by the proposed changes, why pensions have become a key inheritance tax planning tool in recent years, and what retirees may want to consider before making any decisions. They explore gifting, pension death benefits, tax-efficient withdrawals, common misconceptions and the importance of looking beyond headlines when planning for retirement. If you've built up pension savings and are wondering how these changes could affect you or your family, this episode will help you understand the key issues and the questions worth asking.