You can download and install the upgrade by heading to Settings > General > Software Update on your iPad.

Here are the total launch notes:

iPadOS 14.7 consists of the adhering to enhancements and also insect solutions for your ‌iPad‌:
– ‌Apple Card‌ household includes the choice to integrate credit line and also share one co-owned account with an existing ‌Apple Card‌ individual
– Home application includes the capability to take care of timers on HomeHusk
– Podcasts collection enables you to pick to see all programs or adhered to programs
– Share Playlist food selection choice missing out on in Apple Music
– Dolby Atmos and also ‌Apple Music‌ lossless sound playback might suddenly quit
– Braille display screens might reveal void details while composing Mail messages
– Audio might miss when utilizing USB-C to 3.5 mm earphone jack adapters with ‌iPad

The upgrade is greater than most likely the last software program upgrade prior to iPadOS 15 arrives this loss.