Member

Speaking in the House of Commons on 11 March 2026

Debate

Contribution

This amendment relates to the interaction of the new charge to inheritance tax (“IHT”) on pensions created by the Bill, and the special lump sum death benefits charge (“the SLSDBC”) under section 206 of FA 2004. The new section 206A of FA 2004 is designed to ensure that the SLSDBC is not paid on that part of the lump sum death benefit that is used to pay IHT. The new section 206B of FA 2004 is designed to ensure that the SLSDBC is not reduced where an error is made and later corrected in calculating the IHT liability.

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