Industry warns of 'pensions raid' to fund IHT reduction

Stephanie Baxter
clock

The pensions industry has warned that tax relief cuts announced today will deter people from saving into a pension and make the tax system even more complex.

The chancellor confirmed today in his Summer Budget that cuts will be made to tax relief that high earners can claim on pension contributions in order to fund an increase in the inheritance tax thr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

Watchdog says behavioural impacts will also include employer contribution increases

Jonathan Stapleton
clock 06 February 2026 • 2 min read
AMNT: The continued presence of a member voice on trustee boards is essential

AMNT: The continued presence of a member voice on trustee boards is essential

Lewis Brown takes a look at the DWP’s consultation on trustees and governance

Lewis Brown
clock 05 February 2026 • 4 min read
Robin Ellison – Beware TPR's Terry Smith problem

Robin Ellison – Beware TPR's Terry Smith problem

PP’s regular columnist says the latest VfM document is a ‘flagship of absurdity’

Robin Ellison
clock 05 February 2026 • 13 min read
Trustpilot