IHT tax take up £100m to £4.4bn in six months to September

IHT revenue on track for ‘another record-breaking year’ The Treasury is on track for another record-breaking year of revenues from inheritance tax (IHT) as receipts for April to September hit £4.4bn, which is £100m higher than the same period last year. The increase represents an increase of 2.3 per cent, according to analysis from Evelyn Partners. Evelyn Partners head of …

Retirement ProfessionalsIHT tax take up £100m to £4.4bn in six months to September

Govt ‘blows chance’ to bin original IHT/pension implementation plans

Unused pension funds will fall under IHT scope from April 2027 The government is ploughing on with its plans to bring unused pension funds into the realm of inheritance tax (IHT) despite a “deluge of criticism” from industry practitioners during a consultation phase during which they put forward alternative options. The Treasury has today (22 July) released draft legislation to bring undrawn …

Retirement ProfessionalsGovt ‘blows chance’ to bin original IHT/pension implementation plans