UK Inheritance Tax Changes Spur Higher Pension Withdrawals

Britain's savers are withdrawing money from defined-contribution pensions ahead of April 2026, when inheritance tax will apply to unspent pension funds. The change in withdrawal patterns reflects anticipation of the tax policy scheduled to take effect in that month. Defined-contribution pensions allow account holders to withdraw funds during their lifetime, and heirs currently inherit remaining balances tax-free under existing rules.

• Bloomberg — UK Inheritance Tax Changes Spur Higher Pension Withdrawals

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