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Pensions could be hit with a tax raid under suspected proposals to change retirement policy which could be unveiled in the upcoming Autumn Budget. It is understood that pension pots could be made liable to inheritance tax in a move analysts are claiming “wouldn’t be very popular”. Retirement plans are usually exempt from the HM Revenue and Customs (HMRC) ley because they are not considered part of an individual’s estate. Despite this, there are exceptions to this rule which could mean pensions are liable to pay inheritance tax. These include: If someone moves funds from their pension into a sa…

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