Personal Tax Planning Guide 2026/27
Personal Tax Planning Guide 2026/27
Personal tax planning strategies to April 2027 including IHT on pensions and business succession planning
Our tax planning guide summarises the key tax incentives available in the UK and provides insight into how you and your business can use these to support your long-term financial and family succession goals. This year’s fully updated guide includes sections focusing on the IHT changes to pensions from April 2027 and for the post April 2026 tax landscape for business owners and families thinking about succession.
GET YOUR 2026/27 TAX PLANNING GUIDE
Pension tax planning
Planning for retirement can be complex and stressful, especially since there are two significant changes ahead for pensions. Firstly, the effective abolition of the IHT exemption for inherited pensions will apply from April 2027. Secondly, pension contributions above £2,000 a year that are made using a salary sacrifice arrangement will be liable to NIC from April 2029.
We can guide you through the ever-changing pension tax rules to make sure your pension plans are aligned with your retirement goals in a tax-efficient way.
Family business succession
Have you considered how best to pass on wealth on to the next generation? Whether through gifting, ownership transition or sale, it should be in a way that supports your long-term family and business objectives. The April 2026 reforms to IHT business and agricultural reliefs (BR and AR) represented the most seismic change to business owner’s succession planning for a generation. We can advise you on how to respond to the changes to achieve your financial goals for your family.
Property tax planning
We suggest ways to help structure your property holdings to support long-term family wealth while managing tax exposure appropriately. The guide contains ideas on selling or swapping your main residence, helping your child onto the property ladder and limiting inheritance tax on property.
More on the Tax Planning Guide
The guide provides in-depth information on UK tax incentives and lots of advice on how to benefit from the incentives available. The guide is invaluable whether you are considering your own and family tax planning or planning for the long-term financial health of your business. Throughout the guide you will be able to click a ‘talk to us’ link, complete a short enquiry and we will get in touch.
How we can help
Not all of the areas will be relevant to you, your family or your business, however, where an idea is of interest, please contact us for a discussion on how this can form part of your tax-efficient plans for this tax year and the future. As ever, tax planning is only one factor and should be assessed along with wider commercial considerations in any decision. Tax outcomes depend on individual circumstances and legislation may change.