STOP the IHT raid on private pension funds. Government need to rethink quickly.
The Chancellor announced IHT will be added to pension savings after 2027 in the budget. This will increase the number of households falling into this Tax on death. After years of saving for retirement and encouraged to do so by previous Government tax relief.
Signatures
9
signatures
Government response threshold (10,000) · 9/10,000
Debate threshold (100,000) · 9/100,000
- 23 DEC 2024Petition rejectedduplicate
You may wish to sign this petition which calls for the same action: https://petition.parliament.uk/petitions/700306
- 25 NOV 2024Petition created
Background
To reconsider the Budget statement and offer a more Equitable arrangement a fairer tax regime regarding IHT. The farmers have had much publicity. Equally unfair is IHT of private pension savings Being able to leave money to dependents is threatened with 40% IHT on estate probate over the threshold already limited to £325k. This is particularly difficult for older pension savers now distressed that by saving they're not going to leave monies as intended. Cancel or adjust.