Written Question·Treasury·UIN 12389
Civil Servants and Ministers: Workplace Pensions
Tabled: 4 November 2024
Answered: 12 November 2024
Question
John Glen
Conservative — Salisbury
To ask the Chancellor of the Exchequer, with reference to paragraph 2.51 of the Autumn Budget 2024, HC 295, published on 30 October 2024, what her Department's policy is on the application of inheritance tax to (a) unused pension funds and (b) death benef
Answer
James MurrayAs announced at Autumn Budget 2024, unused pension funds and death benefits payable from a pension will form part of a person’s estate for inheritance tax purposes from 6 April 2027.These reforms impact on inherited sums arising from both defined contribu...
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