Labour to raid savings of workers who die before pension age

HMRC to tax pension pots of workers who die before pension age

HMRC will charge inheritance tax on wealthier workers’ pension pots even if they die before they reach the state pension age

Labour Minister Opens Door to Massive Budget Inheritance Tax Grab

Labour minister Diana Johnson has left the door open to a massive inheritance tax grab from Reeves at the next budget. Here we go... The Guardian reported

Labour to tax pensions of Britons who die before retirement age

Families could soon face hefty death duties on pension savings, even if a loved one dies before ever touching the money

Inheritance tax will apply on pension savings of those who die before retirement

Labour has confirmed that inheritance tax (IHT) will apply to workers’ retirement savings even if they die before reaching pension age – a move some experts are calling “abhorrent”.Rachel Reeves announced in last year’s Budget that from April 2027, pension pots will be subject to Britain’s “most hated” tax.Currently, unspent pensions are typically passed tax-free to beneficiaries at trustees’ discretion. Under the new rules, these funds could be…

Labour to hit families with tax raid on pensions pots of deceased loved ones

HMRC has confirmed that death duties of up to 40% will apply to unspent private pension pots

Labour to raid savings of workers who die before pension age

‘Abhorrent’ move would hit families with inheritance tax bills on unspent retirement pots