HMRC has opened a consultation on draft rules applying inheritance tax (IHT) to unused pension funds, introducing new information-sharing duties for pension providers, personal representatives and beneficiaries. Consultation runs until 11 June 2026.
The UK’s His Majesty’s Revenue and Customs (HMRC) has opened a consultation on 18 May 2026 about the draft regulations designed to support the application of inheritance tax (IHT) to unused pension funds.
This technical consultation seeks comments on the draft secondary legislation on changes to the information sharing regulations in connection with Inheritance Tax on Pensions.
The draft regulations make changes to the pensions provision of information regulations consequential to changes made by the Finance Act 2026, which brings unused pension benefits and death benefits into a deceased person’s estate for Inheritance Tax purposes.
The changes require pension providers and personal representatives to share information with pension beneficiaries and HMRC in respect of the deceased’s pension assets.
The consultation will remain open until 11 June 2026. Feedback can be submitted via email to ihtonpensions@hmrc.gov.uk.
