Stop your personal pension being included for IHT - Why this is unlawful — 6 signatures. Status: rejected.
These Proposed Changes are UNLAWFUL. Funds accrued since 2015 to 2027 are lawfully outside the estate. The Government are applying retrospective taxation legislation on the whole fund, not on the excess of your pension value after April 2027. Precendee was set in 2006 A-DAy with Pension Protection.
If you amassed contributions into your pension when the law said the death benefit is outside the estate, you cannot expect to pay IHT on the whole of this fund after April 2027. This is clearly retrospective tax legislation. Say there was an ANPR video camera outside your house and for the last 7 years you were driving at 30mph The law changes to 20mph and you drive accordingly. You then get speeding tickets for last 7 years when you were driving within the law. Proposed legislation is unlawful
View this petition on the official UK Parliament website