
Majority of workers unaware of pension inheritance tax changes, research finds
More than 6 in 10 UK workers are unaware their pension savings could be subject to inheritance tax from April 2027.

More than 6 in 10 UK workers are unaware their pension savings could be subject to inheritance tax from April 2027.

Among homeowners who spoke to a financial adviser about retirement, just 7% were offered equity release without prompting.

The new interactive experience, developed with Waracle, lets users create a digital postcard showing where they could spend their retirement.

47% of people aged 55 to 65 had spoken about pensions with family, while this dropped to 18% among 18 to 24s and 29% for 35 to 44s.

The survey revealed more than a quarter (27%) of employees had no idea how many pay days remained before they intended to stop working.

Steven Cameron, pensions director at Aegon UK, said there has been a lot of speculation over possible changes to pensions, but most rumours are unlikely to happen.

The Retirement Reality report from Aviva and Age UK showed 30% of retirees in their 70s had already outlived the age they expected to reach when they were in their 50s.

Just Group has introduced a new Fixed Term Investment solution on the Fundment platform, offering advisers guaranteed income or growth options within personal pension portfolios.
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