Written Question·Treasury·UIN 55889
Pensions: Inheritance Tax
Tabled: 30 May 2025
Answered: 9 June 2025
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing a flat-rate 20% inheritance levy on unused pension funds.
Answer
James MurrayMost 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. This removes distortions resulting from changes that have been made to pensions tax policy over the last de...
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