Govt confirms under 55s will be in scope of IHT on pensions

Savers who die before the minimum pension age will still see their pots subject to inheritance tax (IHT), Citywire can reveal. 

In Treasury consultations, the government has not mentioned what bringing pensions into the scope of IHT in 2027 will mean if a member dies before they can access their pension pot, ie before they reach 55. 

When asked, HMRC confirmed in a statement to Citywire that those under the national minimum pension age – currently 55, but rising to 57 in 2028 – will still be in scope of IHT.