Anna Rogers comments in the Financial Times on IHT and pensions
Chancellor Rachel Reeves announced in her budget last year that pension funds would become part of inherited estates by April 2027, meaning that personal representatives would be responsible for identifying the funds and telling schemes how much IHT to pay. This could cause delays in payouts, even when no IHT is due, which is likely to be the case for most people.
Discussing the proposal, senior partner Anna Rogers explained that “The (new) process is complicated and it will punish lower earners.”
She continued that “Wealthy people don’t need the money quickly… it seems the harm will be disproportionately to those who aren’t wealthy and those who die young.”
Read Anna’s comments in the Financial Times, here.
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