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Tax planning opportunities for 2026/27 and beyond

We provide a range of information to help you to support your clients make the most of their savings and investment. 

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Paul Richards, Head of Distribution, discusses the Budget announcements with Paul Squirrell, Head of Retirement and Savings Development. They look at pensions, ISAs and other financial planning areas which may impact you, your clients and your business.
  • Pensions – 01:05
  • State Pension and Pension Tax Allowance – 01:51
  • Pensions death benefits - two-year rule – 04:10
  • Pension transfers – 05:45
  • ISAs - Cash ISA rollback – 08:40
  • LISA changes and new ISAs – 09:51
  • Personal savings tax rates – 11:14
  • Collectives v Bonds – 12:50
  • Inheritance tax and personal representative powers – 15:50
  • Expressions of Wish – 18:55

In this summary, Paul Squirrell explores the key Budget announcements affecting pensions, ISAs and broader financial planning. Alongside the changes that have been confirmed, he highlights what has remained unchanged and outlines the timeline for measures that have already been announced.

With savings rates continuing to rise, Paul also examines a range of client scenarios and tax wrappers for the current tax year, helping advisers understand the planning opportunities available today, as well as the implications of changes due to take effect in April 2027.

Tax tables 2026/27

All the rates in one place

Tax returns and managing pensions accounts

Need to know how much clients have contributed or received in pension income? Want to find out more about annual tax vouchers or benefit statements? We have reports and guides to help.

Bed and ISA

The Bed and ISA facility offers the ability to move client investments from an Investment Account into an ISA up to the current maximum ISA allowance.

Bed and Pension

The two‑step Cash Management Account (CMA) to pension capability offers the ability to move client investments from ISAs and sole named Investment Accounts into a pension.

Capital gains management

At face value, calculating the gains or losses on unit trusts and OEICs may seem a straightforward process. However, in reality it can be quite complicated.

Articles of interest

Does saving into a pension still make sense?

The current focus on inheritance tax changes, bringing unused pensions into consideration, has been largely negative. But it is important to remind ourselves of the benefits of tax relief on pension contributions and the availability of tax–free cash at retirement.

Tax increases reignite bonds v collectives

The tax changes do impact wrapper considerations for your clients. The most suitable solution will depend on individual circumstances, but Paul Squirrell runs through the numbers to help you make your advice recommendations.

Inheritance tax – Give while you live

From April 2027, unused pensions are being brought into scope for inheritance tax calculations. This may shift the traditional ways of using assets to generate retirement income. 'Gifts out of surplus income' may be considered as an effective way of passing on wealth.

Pensions – The regulatory runway

Pensions have attracted a lot of political attention in recent years. There are many changes in train which may need to be considered within pension planning including changes to the normal minimum pension age, State Pension and inheritance tax. The Pensions Commission is also exploing other ways to make retirement planning in the UK as effective as possible.

The LSDBA and death benefits payments

Under the Lifetime Allowance (LTA) replacement regime, the Lump Sum and Death Benefit Allowance (LSDBA) is set at £1,073,100, except where LTA protections apply. This provides a rough guide to the tax treatment of money purchase death benefit payments.

Other areas of interest

The Platform Clinic

Save time with our practical tips on making the most of the features and functionality of our platform when administering client accounts.

Your clients' cash options on our platform

Is your fee income reducing as your clients look for an off-platform cash solution in these times of higher interest rates?

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