The headline number tells you surprisingly little. Consider someone with £5m in assets: 🏠 £2m home — A new High Value Council Tax Surcharge is due in England from April 2028. Reports suggest the Government has ruled out lowering the £2m threshold to £1.5m. 💼 £1m pension — From April 2027, most unused pension funds and relevant death benefits will form part of the estate for inheritance-tax purposes. Already legislated. 📈 £1m in ISAs — No overall cap on accumulated ISA weal