CIOT submits technical proposals on Draft Finance Bill IHT pension changes
The Chartered Institute of Taxation (CIOT) has submitted detailed policy proposals and technical questions to HMRC regarding the Draft Finance Bill 2025-26 legislation on inheritance tax (IHT) and pensions. The submission, dated 19 September 2025, outlines eight specific proposals addressing Personal Representatives' liability for IHT on pension funds, including recommendations for a 50% pension fund retention mechanism and amendments to the legisaltion as regards discharge certificates. CIOT also raised 20 technical questions.