The Investing and Saving Alliance (TISA) alongside big names in the advice and retirement profession have urged the government to rethink inheritance tax (IHT) on pensions and have proposed simpler alternatives.
Research published today (14 July) by TISA proposes alternative approaches to the government's proposed IHT reforms to pensions which are due to be introduced from April 2027. The alternative approaches aim to "reduce the burden of dealing with complex rules and ensure grieving families avoid unnecessary delays while still achieving comparable fiscal outcomes for the government". TISA said this will "provide certainty for consumers, helping them save with confidence and with full awareness of their tax position on death". It believes it is "appropriate" for pensions to remain outs...
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