Cohabitation: Inheritance Tax and Pensions — Written Question

Question

Dame Harriett Baldwin

Conservative — West Worcestershire

To ask the Chancellor of the Exchequer, with reference to point 28 of Table 5.1 of the Autumn Budget 2024, published on 30 October 2024, HC 295, whether unmarried couples will be liable for inheritance tax on Death-in-Service benefits over £325,000 payabl

Answer

James Murray

As announced at Autumn Budget 2024, from 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes.The inheritance tax treatment of death-in-service depends on where the r...

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