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,
An SPP paper explaining what salary sacrifice for pensions is, why it matters, how it is used and by whom, and what the implications would be if government were to impose restrictions or abolish this longstanding arrangement.
Tags: legislation, NICs, payroll, pension, Pensions, salary sacrifice, Tax,
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,
This SPP report acknowledges the rationale for reducing pensions tax relief to make savings for the Treasury; highlights that the true cost of pensions tax relief is considerably smaller than headline figures; details some of the consequences of shifting to a single rate of pensions tax relief; and examines various alternatives.
Tags: DB, DC, Pensions, pensions tax relief, Tax, tax relief, UK pension schemes,