# Ihtlock report

Death date: **2026-10-13** (pension out of estate)
Assets (ex-pension): £400,000.00 · Unused pension: £0.00 · Debts: £0.00

## Headline figures

Total IHT, pension out (current rules): **£178,000.00**
Total IHT, pension in (from 6 Apr 2027): **£178,000.00**
Extra IHT from pension inclusion (delta): **£0.00**
RNRB lost to taper: **£0.00**

## Before vs after 6 Apr 2027

| Scenario | Net estate | RNRB available | Taxable death estate | PET tax | **Total IHT** |
|---|---:|---:|---:|---:|---:|
| Pension out (current) | £400,000.00 | £0.00 | £400,000.00 | £18,000.00 | **£178,000.00** |
| Pension in (from 6 Apr 2027) | £400,000.00 | £0.00 | £400,000.00 | £18,000.00 | **£178,000.00** |
| **Delta** | £0.00 | −£0.00 | | | **£0.00** |

## Next steps

1. File this plan against death date 2026-10-13 (before 6 Apr 2027): the unused pension is modelled outside the estate under current rules — re-run with a post-5 Apr 2027 date to see the new rules.
2. Note IHT is unchanged at £178,000.00 under both rule sets for death date 2026-10-13 — the 6 Apr 2027 pension change does not bite on these inputs.
3. Document the 1 gift(s) totalling £400,000.00 made within 7 years of 2026-10-13, with dates and £3,000 annual-exemption use — they consume NRB before the death estate.
4. Before your next will review, confirm whether any residence passes to direct descendants — none is flagged, so £0.00 RNRB is applied and up to £175,000.00 goes unclaimed.
5. Share this plan dated 2026-10-13 with your adviser or executor now, and diary a re-check after the next Autumn Budget or any HMRC guidance update — do not change nominations, withdrawals or gifts on this illustration alone.

## Assumptions and disclaimer

- NRB £325,000.00 · RNRB £175,000.00 · RNRB taper £1-for-£2 above £2,000,000.00 (frozen through 2027/28).
- Death-estate rate 40%, or 36% if the charitable legacy is at least 10% of the baseline; PET taper bands 40/32/24/16/8% within 7 years.
- Educational illustration only — not tax, legal or financial advice. Real estates involve Business/Agricultural Relief, deed variations, trusts, domicile, and scheme-specific death benefits. Death-in-service benefits from registered schemes remain outside IHT. Confirm figures with a regulated adviser or solicitor before acting.
- Rules: IHT-2026-10-NRB-RNRB-PENSION-2027.