Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to paragraph 5.52 of the Autumn Budget 2024, HC 295, whether the application of inheritance tax to unused pension funds and death benefits will apply to the pension scheme established under The Pensions Increase (Pension Scheme for Keir Starmer QC) Regulations 2013.

As announced at Autumn Budget 2024, from 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposes

This change will apply to all UK registered pension schemes

The impact this will have on specific schemes depends on their scheme rules.