Hunt pledged to axe inheritance tax – now he could impose it on your biggest asset instead | Personal Finance | Finance [Video]

The influential Institute for Fiscal Studies (IFS) is calling on the Chancellor to scrap what is possibly the most attractive surviving IHT break of all. It reckons that by doing so, he could generate up to £2billion worth of tax revenue over the next few years.

It would be hugely unpopular among those affected, because it would destroy one of the best methods families have of avoiding the hated death tax. Their pension pot.

Your pension is your secret weapon in the fight against it IHT. For most people, this is their biggest asset after their home (which is subject to IHT), so there’s a lot at stake.

Many do not even realise pensions can be passed on free of IHT. That may not be the case for much longer.

IHT is regularly voted the UK’s most hated tax and is getting more punitive, with the £325,000 nil-rate band …