Government plans to slap inheritance tax on pensions are already galvanising families into action to protect estates before rules change in just over a year's time. These kick in from April 2027, but ...

Additionally, reducing inheritance taxes is possible, provided the owner of the assets is still alive to make the arrangements. As a taxpayer, you may also take advantage of certain state discounts.

More families are setting up trusts to avoid paying inheritance tax, figures from HMRC suggest.

How much money can you inherit before paying taxes? Inherited assets from your loved one, whether in the form of cash, stocks or real estate, can be subject to inheritance taxes, depending on your ...