The Government has yielded to complaints about some aspects of its Inheritance Tax (IHT) reforms by increasing the relief threshold for farms and businesses from £1m to £2.5m from April 2026.

More than three in four financial advisers (77%) expect a surge in workload due to the imposition of IHT on unused pensions from April 2027, according to a new survey.

The Chancellor has announced in the Budget that the freeze on inheritance tax thresholds will be extended for a further year to 2030-31.