Now Reeves will tax your pension TWICE in new Budget inheritance grab | Personal Finance | Finance
Experts are warning that Brits face a potential “double tax hit” on October 30, as Reeves looks to plug what she now says is a £40billion black hole in the nation’s accounts. If she does, it will hit grieving families doubly hard.
It’s widely assumed that Reeves will impose inheritance tax (IHT) on our pensions in next week’s Autumn Budget. That would be a major change.
Today, people can pass on unused defined contribution pension pots to loved ones free of IHT when they die.
Many…