Pensioners Warned Their Pot Could Be Raided After Death Due to Inheritance Tax Rule Change - Birmingham Live

Inheritance tax raid on retirement could see Britons' savings raided before reaching pension age

Britons could be hit with

Pensioners warned their pot could be raided after death due to Inheritance tax rule change - Birmingham Live

From April 2027, inherited pensions will be subject to Inheritance Tax

Inheritance tax to apply on pensions even if you die before age 55 – 'unbelievably unfair'

Pension savers who die before the minimum pension age will see their pots subject to inheritance tax, in addition to those above 55, the Treasury has confirmed. Experts warn this could put people off saving for retirement and “risks eroding trust in the pension system”

Inheritance Tax rule change means your pension could be raided if you die young

From April 2027, inherited pensions will be subject to Inheritance Tax and included in the ‘estate’ – which also includes property, possessions and money – of someone who has died Major changes to Inheritance Tax rules mean your pension pots could be raided even if you haven’t reached retirement age yet. Under current rules, there is no Inheritance Tax to pay if you inherit a pension from someone who died before the age of 75. If the person dies…