Autumn Budget 2021: Pensions and IHT largely untouched by chancellor

Prior to announcing the Autumn Budget, Sunak indicated he would fund spending pledges through tax rises. Experts expected inheritance tax (IHT) to be a likely target. IHT is largely paid on death and can therefore not be avoided unlike other taxes, which experts often say makes it a good candidate for a potential tax rise. A flat rate for pensions tax relief has been often rumoured over the past few years, while the pensions lifetime annual allowance has been chopped frequently in the last decade. However, the nil-rate band hasn't increased since 2009 and sits at £325,000, with a 40% ...