Budget 2025 Inheritance Tax Changes. The amount that can a person can receive as a gift or inheritance from a relation before having to pay capital acquisitions tax will be increased as part of budget 2025. Part 1 of this consultation introduces and summarises the changes to inheritance tax on pensions announced at autumn budget 2024, including the rationale for change.
Part 1 of this consultation introduces and summarises the changes to inheritance tax on pensions announced at autumn budget 2024, including the rationale for change. As announced at autumn budget 2024, from 6 april 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for inheritance.