Inheritance Tax Budget 2024 Pensions. Changes to inheritance tax (iht) reliefs and exemptions are among the most controversial changes in rachel reeves’ first budget. Pensions are not subject to the 40% rate that is included on the homes, possessions and assets of someone up to a £325,000 limit but, as predicted, that tax ‘tweak’.

The government will bring unused pension funds and death benefits payable from a pension into a person’s estate for inheritance tax purposes from. Learn about the proposed 2024 inheritance tax changes on unused pension funds and how they may impact your estate planning.