L

Lord Macpherson of Earl’s Court (CB)

Speaking in the House of Lords on 17 November 2025

Debate

Inheritance Tax: Pensions

Contribution

My Lords, does the Minister agree that it is an important principle of the tax system that tax reliefs, and therefore tax expenditures, should be tightly drawn? Does he also agree that the point of pension relief is to provide a pension in retirement, and therefore that pension savers should draw down their pension, rather than using it as a device to avoid inheritance tax and to improve the lot of their descendants, rather than themselves?

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