Scrap Inheritance Tax on Pensions to Protect Hard-Earned Retirement Savings
Reverse the inclusion of Pensions in Estates upon death. Allow families to pass on pension savings without the unfair burden of Inheritance Tax.
Signatures
12
signatures
Government response threshold (10,000) · 12/10,000
Debate threshold (100,000) · 12/100,000
- 07 FEB 2025Petition rejectedduplicate
You may wish to sign this petition which calls for the same action: Do not change inheritance tax rules for pensions https://petition.parliament.uk/petitions/700306
- 13 DEC 2024Petition created
Background
Inheritance Tax (IHT) is already a punitive measure, taxing assets that have been built through years of hard work and careful financial planning. Applying IHT to pensions adds further injustice, undermining retirement savings intended to support loved ones after death.
Removing IHT on pensions would:
• Ensure families can benefit from retirement savings as intended.
• Encourage long-term saving and financial security in retirement planning.
• Reduce the complexity and administrative burden of IHT.
IHT on pensions places an unfair burden on families. Abolishing it would protect hard-earned retirement savings and provide greater financial stability for future generations.