The dust has settled on the Budget and it’s no surprise that the government is refusing to amend any of it.

Farmers have demonstrated in London and businesses big and small are trying to fathom how it’s a “Budget for growth”.

Back at Chatfield, we have been analysing what the Budget means for your pensions as they will be subject to inheritance tax from April 2027. 

We are getting a lot of questions on this. Q. What are the changes? Q. Are pensions still worth it? Q. Should I still pay in? Q. Should I take all my money out? Q. Will another government reverse these changes…? 

Firstly, don’t panic! Nothing is changing for nearly two and a half years, so there is time to consider your longer term planning.

Secondly, there is a lot you can do and we continue to be your caring guide. 

Click here to watch our short video on our latest thoughts on pensions.

If you have any concerns about how the Budget affects you, please contact Philip or Adrian.

As always, we’re here for you.