In anticipation of the upcoming increases to the Business Asset Disposal Relief (BADR) rates in April 2025 and 2026, as well as the introduction of Inheritance Tax (IHT) on pensions starting in April 2027, we have implemented the following template updates:

• A new note has been added to the ‘Current IHT Position’ calculation table, informing clients that pensions will be included in the value of their estate for Inheritance Tax (IHT) purposes from April 2027.
• A new disadvantage has been added to the ‘Potential Disadvantages’ tab for all new and existing retirement plan recommendations, informing clients that pensions will be included in the value of their estate for Inheritance Tax (IHT) purposes from April 2027, and that any unused pension funds and death benefits may become liable to an IHT charge upon death, after the deduction of any available nil rate band.
• A new note has been added to our ‘Business Asset Disposal Relief (BADR)’ glossary item, informing clients of the upcoming increases to the Business Asset Disposal Relief (BADR) rates in April 2025 and 2026.

Please note – following the budget announcement further changes will be made to the content of our report writing application in readiness for the 2025/26 tax year.

As always, our friendly support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have support@atebsuitability.co.uk / 0191 338 8177.

Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via our FAQs which are available on our Help & Support Portal.