The government has responded to its consultation on its proposal that from 6 April 2027, most death benefits paid from registered pension schemes (whether DB or DC) will form part of the deceased member’s estate for...more
The Autumn Budget announced that from 6 April 2027, the majority of death benefits paid from registered pension schemes (whether DB or DC) will form part of the deceased member’s estate for inheritance tax (“IHT”) purposes....more
11/8/2024
/ Budgets ,
Compensation & Benefits ,
Death Benefits ,
Employee Benefits ,
Employees ,
Inheritance Tax ,
International Labor Laws ,
Pension Schemes ,
Pensions ,
Retirement Plan ,
UK
What is happening?
From 6 April 2024, the LTA will be abolished and a new regime for the taxation of lump sums and lump sum death benefits will be introduced. This is the most significant change to the UK pensions tax...more