Written Question·Treasury·UIN 13505

Armed Forces: Inheritance Tax

Tabled: 11 November 2024

Answered: 14 November 2024

Named Day

Question

James Cartlidge

To ask the Chancellor of the Exchequer, with reference to paragraph 5.52 of the Autumn Budget 2024, published on 30 October, what assessment she has made of the potential impact of changes to inheritance tax on Death in Service awards for surviving spouse

Answer

James Murray

Most unused pension funds and death benefits will be included within the value of a person’s estate for inheritance tax purposes from 6 April 2027.Transfers to spouses and civil partners are exempt from inheritance tax. This means death benefits paid to s...

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