What changed for expats: first half of 2026

This note records factual changes only. It is information, not advice, and it does not forecast markets or call for any action. Pharos Introductions is an introducer and does not provide financial, tax, or legal advice.

UK pensions and inheritance tax from April 2027

From 6 April 2027, unused UK pension funds are treated as part of the estate for UK inheritance tax. This affects internationally mobile UK nationals because a UK pension is a UK-situated asset wherever the holder lives.

US estate tax thresholds for 2026

For 2026, the US federal estate tax unified credit for US citizens and US-domiciled individuals is 5,945,800 dollars, equivalent to an exclusion of 15,000,000 dollars. Non-resident aliens are taxed on US-situated assets above a far lower threshold, generally a 60,000 dollar exemption, with treaty relief available in some cases.

Voluntary National Insurance

Voluntary National Insurance contributions remain a route to fill gaps in a UK State Pension record. The rules and any deadlines can be confirmed with the relevant authority before acting.

Whether any of this affects your position depends on your individual circumstances, which a regulated specialist can assess.