A House of Lords report has raised concerns about the practical impact of new inheritance tax rules affecting pension assets. From spring 2027, families will have just six months to report pension valuations and settle any IHT due. The report warns that the tight deadline could discourage people from acting as personal representatives, given the risk of personal financial liability. Peers have called on the Government to extend the deadline to 12 months, citing the emotional and administrative strain placed on families dealing with bereavement.
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