The inclusion of unused pension funds within inheritance tax rules remains on track for April 2027, but questions remain over whether the government has provided enough clarity on the changes.
Advisers say that while awareness of the reform is growing, uncertainty persists around its practical impact.
Megan Rimmer, a chartered financial planner at Quilter Cheviot, said many clients understand the broad outline of the policy, but are less clear on how pension assets will be treated alongside the rest of an estate or how withdrawals could affect tax liabilities.
She believes more detailed guidance and clearer communication would help individuals make better-informed decisions and minimise confusion.
Dan McKissock, a chartered financial planner at Connor Broadley, said the gradual release of information from HMRC has made it challenging for advisers and clients to fully assess the implications. As a result, he noted, uncertainty has fuelled speculation before the full details have been confirmed.