Controversial plans to ditch UK pension tax-free lump sum, and more 'ignites' industry

Mark Battersby
clock • 12 min read

The Institute for Fiscal Studies today (6 February 2023) released a controversial report, ‘A blueprint for a better tax treatment of pensions', covering a number of proposals for the reform of pensions taxation, including scrapping the 25% tax-free lump sum and bringing pension pots under the scope of inheritance tax. Jon Greer, head of retirement policy at Quilter, said: "On the surface of it, the proposals in the IFS report on pension taxation, out this morning, will almost certainly elicit some consternation from the industry and public. But regardless of whether people agree or disag...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?