questionText: To ask the Chancellor of the Exchequer, pursuant to Question 121253, what assessment has been made of the potential impact on beneficiaries of them paying a net tax rate of 68% when the pension holder passes away after the age of 75 resulting in a 40% inheritance tax and a 45% income tax charge on the remaining private pension.
answerText: More than 90 per cent of UK estates will continue to have no inheritance tax liability in 2030-31 following the reforms to the inheritance tax treatment of pensions. The reforms will only affect a minority of those with inheritable pension wealth. Income ...
heading: Pensions: Inheritance Tax