Pensions and inheritance are at the forefront of many people's minds ahead of the Budget. In her last Budget, Rachel Reeves announced she will pull pension pots into the inheritance tax net from April 2027. Meanwhile, there are concerns that pension tax-free lump sums and inheritance tax allowances could fall victim to another raid as the Chancellor tries to balance the books again. In this special episode of the This is Money podcast, Simon Lambert is joined by Lisa Caplan, director of Charles Stanley Direct Advice and Guidance and a regular guest in our weekly 'Investing Explained' feature. Lisa spends her days helping customers understand how to protect their wealth, make their pension last in retirement and, importantly, enjoy their hard-earned money. She discusses with Simon the questions people are asking right now about pensions and inheritance tax — and the answers she gives.

Guests: Lisa Caplan

Published: Sat 27 September 2025