‘Using IHT to tax unused funds has been met with widespread horror’

There is no doubt the Budget announcement that unused pension funds will be included in the deceased’s estate for inheritance tax purposes created shockwaves through the pensions industry and beyond. The fact that some form of tax would apply on death was not particularly surprising – we all know the current rules are particularly generous – but using IHT as the means of taxing unused funds has been met with widespread horror. Not just from pension providers, but financial advisers,..