Will your family pay more inheritance tax from April 2027?

Information only, not financial or tax advice. This is a simplified estimate using the current nil-rate band (£325,000), residence nil-rate band (£175,000, reduced by £1 for every £2 over £2 million), transfer of unused allowances between spouses and civil partners, and a 40% rate. These thresholds are frozen until April 2031. It assumes death on or after 6 April 2027, no lifetime gifts in the last 7 years, no business, agricultural or charity reliefs, and that everything passes to a surviving spouse first. It doesn't include income tax that beneficiaries may pay on inherited pensions. Your actual position may be different, so please get personal advice before acting.