Potential Changes to Inheritance Tax and Pension Pots: What You Need to Know
Tuesday, 16 July 2024, 16:31
Key Points:
1. Inheritance Tax Proposal:
Rachel Reeves is considering a £2 billion inheritance tax on pension pots.
2. Echoes of Past Discussions:
Jeremy Hunt's ex-chief of staff had previously contemplated similar measures.
The potential inheritance tax levy could impact inheritance and pension planning strategies significantly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.