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Jeremy Harris: Clarification would be welcome
Budget changes to inherited pensions appear to be a “major adverse change” to the tax treatment of UK schemes, of which the inheritance tax (IHT) free status of lump sum death benefits has been a longstanding feature, Fieldfisher says.
The law firm said yesterday's Budget statement announcement of IHT on pension scheme death benefits from 2027 would remove one of the attractive features of UK registered pension schemes from a tax...
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