Legislation was recently laid in the Finance Act 2026 and inheritance tax rules are changing for all pension schemes from 6 April 2027. From this date, if you have nominated someone other than your married spouse or civil partner, any death grant due may become subject to inheritance tax, depending on the total value of your estate. Death in service grants which are payable to beneficiaries of active members are exempt.
Please consider this upcoming change in relation to your personal and financial situation and ensure you review your ‘expression of wish’ nomination. How to tell us your expression of wish nomination.