Inheritance Tax Changes In 2024 Budget. Announcing labour's first budget for 14 years, ms reeves, the country's first female chancellor, confirmed changes to inheritance tax, including bringing pension pots. The move came alongside an array.

From 6 april 2027, unused pension funds and death benefits payable from a pension will no longer be exempt for inheritance tax purposes but will. The autumn budget 2024 has introduced significant changes to inheritance tax (iht) landscape, with chancellor, rachel reeves, announcing the extension of the nil rate.