The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027. The government has confirmed that it will bring most unused pension funds and death benefits into scope of inheritance tax from 6 April 2027, despite growing concerns from the pensions industry. First announced during the 2024 Autumn Budget, the draft legislation means that …
Government publishes legislation to bring pensions into inheritance tax
The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027. The government has confirmed that it will bring most unused pension funds and death benefits into scope of inheritance tax from 6 April 2027, despite growing concerns from the pensions industry. First announced during the 2024 Autumn Budget, the draft legislation means that …
HL, Quilter and AJ Bell CEOs urge Reeves to reconsider IHT on pensions
The chancellor, Rachel Reeves, announced at the Budget last October that some pensions will be liable to inheritance tax upon death from April 2027. The CEOs of four of the UK’s biggest providers have written to the chancellor urging her to rethink the government’s ‘flawed and damaging’ policy of levying inheritance tax (IHT) on pensions from 2027, Citywire New Model …