This response to HMRC's technical consultation on the implementation of inheritance tax on pensions from April 2027, highlights a range of operational, legal and practical concerns that we believe must be addressed before the new regime is introduced.
Tags: HMRC, IHT, inheritance tax, Pensions, SPP, Tax, unused pension pots,
The Society of Pension Professionals (SPP) response to the
House of Lords Economic Affairs Finance Bill Sub-Committee
October 2025 call for evidence on reforming inheritance tax: unused pension funds and death benefits.
Tags: inheritance tax, legislation, Lords, pension, Pension Pots, Pensions, Tax,
The SPP has two key concerns with this draft legislation – the proposed definition of “tax adviser” and therefore the scope of the legislation and the current omission of any exemption for pension professionals.
Tags: draft legislation, IHT, inheritance tax, legislation, pension, Pensions, Tax,
This consultation response suggests various improvements to ensure this legislation better delivers the original policy intent and avoids unintended consequences.
Tags: IHT, inheritance tax, legislation, pension, Pensions, Tax,