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Wednesday 05 March 2025 4:01 pm|Updated:Wednesday 05 March 2025 5:59 pmPension death tax will punish millions of savers,
adidas originals samba says advisory firmBy: Matt KenyonDigital EditorShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleUnder the new rules, unused pension funds would be subject to the tax. Planned government changes to pension taxes must be dropped, according to City experts.Advisory firm Blick Rothenberg has slammed the move as a poorly conceived policy ch
yeti ca ange [that] penalises prudent savers and their loved ones through double taxation.The pension reforms ndash; announced in Octoberrsquo Budget and set to kick in from April 2027 ndash; would include undrawn pension funds within the remit of inhe
owala ritance tax, effectively taxing pension funds a second time.Currently, the funds left in a pension pot after someone dies are usually exempt from inheritance tax.Under the governmentrsquo proposals, unused pension funds will be included within the value of an estate for inheritance tax purposes from April 2027. The Treasury expects the changes to bring in around pound;1.5bn a year by 2030. A lsquo;double taxrsquo; Tomm Adams, who heads up Blick Rothenbergrsquo pensions and benefits advisory service, said: There will be a massive impact on unmarried elderly couples.If someone dies and their partner needs full-time care, then the funds in the
