Tax Alert: HMRC Raid on Inheritance Pensions to Be 'One of the Biggest Challenges' for Families

Tax alert: HMRC raid on inheritance pensions to be 'one of the biggest challenges' for families

Chancellor Rachel Reeves's looming inheritance tax (IHT) raid on pensions is expected to be "one of the biggest challenges" for British families, analysts warn

HMRC tax changes ‘could cost families £34,000 extra’

The impending reforms are already influencing behaviour Millions of savers are being urged to “protect” themselves after sweeping HMRC tax changes. Under the new regulations, the average bill for affected households is expected to increase by around £34,000, while thousands more estates will be pulled into paying inheritance tax for the very first time. The caution comes amid mounting concern that confusion surrounding the shake-up is being expl…