Inheritance Tax Budget 2024 Pensions. Changes to pensions & inheritance tax in the budget. The number of families paying inheritance tax is expected to soar from 38,000 this year to 67,000 by 2029 to 2030 due to changes announced in the budget.


Inheritance Tax Budget 2024 Pensions

Tax rises worth approximately £40 billion were announced and, amongst those, the inheritance tax (iht) rules were affected. The government will bring unused pension funds and death benefits payable from a pension into a person’s estate for inheritance tax purposes from.

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