Inheritance Tax on inherited pensions from April 2027
01 November 2024From 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes
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From 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes
Following Labour’s estimates of a £22bn shortfall in the UK’s finances, the estimated tax raise was £40bn in this Budget (the highest since the 1970s), so changes were expected in order to raise revenues.
