Key pension changes in 2025

There are several big changes happening to pensions this year. Here’s what you need to know, from the state pension and pensions dashboards to preparing for an inheritance tax hike

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(Image credit: Getty Images)

Last year was a big year for pensions - and 2025 looks set to contain even more changes that could affect your retirement planning.

During 2024, we saw pensions take centre-stage in the run-up to the general election and also in the Autumn Budget.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.