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Pension inheritance tax fears mean spark surge in life insurance sales
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GB News
Pension inheritance tax fears mean spark surge in life insurance sales
Britain is seeing a surge in life insurance purchases as savers prepare for Labour’s inheritance tax changes on pensions.
The policy, first announced by former chancellor Rachel Reeves in her 2024 Budget, will take effect from April next year.
The move will bring unused pension pots and death benefits within the scope of inheritance tax for the first time.
Royal London, the UK’s largest life and pensions mutual, s…
6 Aug, 07:25