John Healey new rules for people with 'significant' pension wealth from 2027

NewsCost Of LivingYour Money67% charges coming09:51, 10 Aug 2026Rule changes to HMRC inheritance tax under Labour Party government Chancellor John Healey threaten to hammer high net worth individuals (HNWI), it has been warned.‌These people could face combined income and inheritance tax (IHT) exposure of up to 67 per cent once unused pensions are brought within the scope of IHT, according to Claritas Tax.‌The firm assumes IHT at 40 per cent on the value of the pension and 45 per cent income tax on the balance. From April 2027, most unused pension funds and death benefits will be included within an individual’s estate for IHT purposes.‌READ MORE HMRC new 'per mile' charges coming for drivers from SeptemberThe changes were announced by previous Chancellor Rachel Reeves but Mr Healey is set t