Written Question·Treasury·UIN 115886

Pensions: Inheritance Tax

Tabled: 25 February 2026
Answered: 6 March 2026

Question

Dr Ellie Chowns

Green PartyNorth Herefordshire

To ask the Chancellor of the Exchequer, what assessment she has made of the potential risk that changes to Inheritance Tax on unused pension funds and death benefits could discourage private savings for pensions.

Answer

Dan Tomlinson
Most 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. This removes distortions resulting from changes that have been made to pensions tax policy over the las...

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