UK

Rachel Reeves’ Budget Shock: Pensioners Hit by a ‘Controversial’ Tax Raid

Rachel Reeves' budget introduces inheritance tax (IHT) on pension funds, affecting pensioners and beneficiaries. Starting April 2027, undrawn pensions will be included in an estate’s value, facing up to 40% IHT, with a potential 67% combined tax. The policy aims to raise £1.46 billion by 2030 but has sparked criticism. Learn how to protect your pension, reduce tax burdens, and plan your estate wisely.