Cohabitation: Inheritance Tax and Pensions
Commons · Question 12710 · Tabled 5 Nov 2024 · Treasury · Official record
Answered 11 Nov 2024
Question
Asked by Dame Harriett Baldwin
To ask the Chancellor of the Exchequer, with reference to point 28 of Table 5.1 of the Autumn Budget 2024, published on 30 October 2024, HC 295, whether unmarried couples will be liable for inheritance tax on Death-in-Service benefits over £325,000 payabl
Answer
Answered by James Murray, 11 Nov 2024
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.The inheritance tax treatment of death-in-service depends on where the r...