Can you move your pension to dodge inheritance tax? Fraudsters say so

Criminals are exploiting uncertainty over upcoming inheritance tax changes to scam pension holders with fake 'loophole' offers, a major provider has warned [1]. The new rules, taking effect in April 2027, will see defined contribution pensions included in estate calculations [1]. Scammers initiate contact through unsolicited calls, emails, or messages, which is illegal for pensions, offering free reviews or high-return overseas investments [1]. They use pressure tactics, claiming a limited time to act, and employ terms like 'pension liberation' and 'loophole' to lure victims [1]. Once engaged, fraudsters coach savers on how to answer protective questions from their legitimate pension providers to facilitate transfers [1]. Donna Walsh of Standard Life stated, 'With these changes, people become uncertain and a little bit confused... And that’s exactly the type of conditions that scammers are set to exploit' [1]. While the basic tax-free threshold for an estate remains £325,000, the confusion surrounding the rule change is being weaponized [1]. Regulators advise against rash decisions. 'Take care if you are called on the phone. Cold calling about pensions is illegal, so treat any unsolicited approaches with suspicion,' a warning from The Pensions Regulator notes [1]. Mike Ambery of Standard Life added, 'What’s important is not to be rushed into action – especially if someone is pushing a ‘quick fix’, or playing on fear' [1]. The Financial Conduct Authority offers an online tool to check authorisation, and the government-backed MoneyHelper service can assist in finding regulated financial advice [1].