Closed consultation
Inheritance Tax on pensions: liability, reporting and payment
Consultation description
As announced at Autumn Budget 2024, from 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes and pension scheme administrators will become liable for reporting and paying any Inheritance Tax due on pensions to HMRC.
This is a technical consultation on the processes required to implement these changes for UK-registered pension schemes. It is likely to be of interest to individuals, pension scheme administrators and other pensions professionals, tax and legal practitioners.
After the consultation, the government will publish a response document and carry out a technical consultation on draft legislation for these changes in 2025.