Scrapping pensions tax-free cash to pay for IHT abolition branded 'terrible idea'

Chancellor Sajid Javid mulling IHT cut

Hannah Godfrey
clock
Chancellor Sajid Javid hinted he was considering cutting IHT at this year's Conservative party conference.
Image:

Chancellor Sajid Javid hinted he was considering cutting IHT at this year's Conservative party conference.

The Institute of Economic Affairs' (IEA) idea to scrap pensions tax-free cash to help pay for inheritance tax (IHT) abolition has been branded "a terrible idea".

In an article in The Times on Monday (7 October), the IEA called on the government to scrap pensions tax-free cash to help pay for inheritance tax abolition. At the Conservative party conference earlier...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Rob Barker, managing director UK savings and retirement at AFA

Aviva Financial Advice expands into annuities

'Holistic view of retirement needs'

clock 24 January 2022 • 3 min read
MPs tell FCA to research tax-free pension lump sum 'decoupling'

MPs tell FCA to research tax-free pension lump sum 'decoupling'

Further research and testing

clock 18 January 2022 • 2 min read
The government has responded to its stronger nudge consultation

DWP steps up nudge programme to push savers onto Pension Wise

Minister plans to make Pension Wise guidance more accessible for those who want it

Holly Roach
clock 17 January 2022 • 3 min read