Open consultation

Inheritance Tax on pensions: liability, reporting and payment

• From: HM Revenue & Customs
• Published: 30 October 2024

Summary

We welcome views on this technical consultation on the processes required to implement changes to Inheritance Tax rules for pension funds and death benefits.

This consultation closes at
11:59pm on 22 January 2025

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.

Documents

Technical consultation - Inheritance Tax on pensions: liability, reporting and payment

HTML

Ways to respond

Email to:

ihtonpensions@hmrc.gov.uk

Write to:

Assets, Residence and Valuation team, 
HM Revenue and Customs,  
100 Parliament Street ,
London, 
SW1A 2BQ 

Published 30 October 2024