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

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Torsten Bell says expanding DC pots will attract increased attention from fraudsters

Martin Richmond
clock 10 June 2026 • 2 min read
Industry praises consultation on DB surplus release

Industry praises consultation on DB surplus release

Sector welcomes the additional clarity but warns ‘the devil will be in the detail’

Holly Roach
clock 10 June 2026 • 10 min read
Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry welcomes key changes to traffic-light transfer conditions

Jonathan Stapleton
clock 10 June 2026 • 5 min read
Trustpilot