Latest pension changes undermine the case for pension tax relief
September 29, 2014 Leave your thoughts annuities Annuity Conservative party Death tax income drawdown inheritance tax Osborne pension death tax pension tax relief politics tax relief UKIP
The Conservative Party has been heartened to hear that the Chancellor is responding to the attacks from UKIP with a straightforward appeal to the grey vote. He will announce to the party conference today that he is changing the tax rules that apply to income drawdown pots post the death of the pensioner; the so-called death tax that applies to the family who cash in the pension fund. From now on, this will only be taxed at the marginal rate, if the pensioner is over 75 when he dies and will not be taxed at all if the pensioner dies before that age.
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