New UK inheritance tax rules affecting pensions will start in 2027. Experts warn UAE-based British expats against withdrawing funds early due to fear of the 40% tax charge.
Our retelling · details in the original publication
The UK government is introducing changes to inheritance tax rules for pensions, effective from 2027. This impacts British expats residing in the UAE who hold pension funds back home. Concerns about a potential 40% tax charge have led some to consider withdrawing their savings immediately. However, experts advise against raiding pension pots in a panic. Making hasty financial decisions based on future tax changes often leads to greater losses than the tax itself. It is better to wait for full legislative details and seek professional advice. Read more in the original source.
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