September 29, 2014 | Prepaid365

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29 September 2014

Chancellor Scraps 55% ‘Death Tax’ on Pension Funds

Chancellor George Osborne has unveiled plans to scrap the 55% tax on pension funds when somebody dies from April next year. It means people with defined contribution pension savings will no longer have to consider the tax and will have the freedom to pass it on to any nominated beneficiary upon death. Around 320,000 people […]

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