The shake-up in Inheritance Tax rules announced by Rachel Reeves has sent ripples through those looking to pass on their wealth, prompting a festive flurry of generosity.

With pensions now on the radar for estate calculations from 2027, individuals are facing a looming spike in estate values.

Financial expert Gary Smith from Evelyn Partners raised the alarm: “More families will be drawn into the web of inheritance tax from 2027, and some of those will need to start planning now if they want to…