Below you'll find a list of all posts that have been tagged as “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 …
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 …
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 …
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 …
Autumn Budget 24: Inherited pensions to face IHT from 2027 Impacting wealth transfer efficiency and legacy planning Pensions passed on will be subject to inheritance tax (IHT) from 2027, Rachel Reeves has confirmed in today’s (30 October) Budget. Pensions are currently exempt from IHT and not classed as part of an estate when someone passes away. “We will close the …
Ahead of next weeks’ Autumn Budget Inheritance tax (IHT) receipts have hit £4.3bn in the six months from April to September 2024, according to figures published by HM Revenue and Customs (HMRC). This is £400m higher than the same period in the previous tax year and continues the upward trajectory over the last two decades. Higher receipts from March 2022 …
