AJ Bell CEO Michael Summersgill cautions chancellor over proposed pension IHT changes

Letter from Michael Summersgill

Linus Uhlig
clock • 3 min read

Plans announced in the Autumn Budget to levy inheritance tax (IHT) on pensions are “complex and costly” and risk leaving beneficiaries with increased costs prior to receiving their pension income, AJ Bell’s CEO Michael Summersgill has warned the Treasury.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Pensions

What the gilt sell-off means for pension schemes

What the gilt sell-off means for pension schemes

Pension funds are ‘far from another LDI crisis’

Jonathan Stapleton
clock 09 January 2025 • 8 min read
Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

Did not target workplace pensions

Holly Roach
clock 30 October 2024 • 3 min read
Autumn Budget 24: Inherited pensions to face IHT from 2027

Autumn Budget 24: Inherited pensions to face IHT from 2027

Impacting wealth transfer efficiency and legacy planning

Sahar Nazir
clock 30 October 2024 • 1 min read
Trustpilot