Inheritance Tax Budget 2024 Pension. Explore key 2024 uk budget updates to inheritance tax, including frozen thresholds, pension changes and relief limits for estates and businesses. The chancellor announced that almost all types of pension scheme death benefits will come within the scope of inheritance tax (iht) with effect from 6 april 2027.
The document discusses the upcoming changes to inheritance tax (iht) as announced in the autumn budget 2024. Inherited pension pots will be subjected to inheritance tax under new rules announced by the government on wednesday.