Reverse the planned inclusion of unused pension funds in IHT calculations.

Reverse the planned inclusion of unused pension funds in IHT calculations. — 15 signatures. Status: rejected.

Petition background

We call on the Government to reverse its decision to include unused private pensions and death benefits in estate valuations for Inheritance Tax from April 2027. Millions saved for years believing pots were exempt. Taxing them penalises prudent savers, risks double taxation, and undermines trust.

Additional details

We call on the Government to reverse its decision to include unused private pensions and death benefits in estate valuations for Inheritance Tax from April 2027. Individuals saved for decades understanding pensions were exempt from IHT. Bringing unused funds into scope penalises prudent savers and risks double taxation. This disproportionately impacts middle-income families who built reserves for dependants. Retaining the exemption is vital to protect trust in long-term retirement planning.

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