The government will legislate to ensure assets left in pensions in drawdown will not attract inheritance tax (IHT) charges, according to Autumn Statement documents.
The government said it would ensure IHT liability will not arise when a pension scheme member designates funds for drawdown but "does not draw all of the funds before death". It added this change would...
Put back to April 2021
DC schemes feeling the pinch
Neil MacGillivray isn't one for pre-Budget speculation. Here he explores the current state of play with pension tax relief and explains why he hopes Rishi Sunak maintains the status quo...
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.
Failed 17 February
'Final piece in the puzzle'
Meets increasing demand
Latest purchase adds £382m FUM