Inheritance Tax on Pensions in the UK 2026 Explained Clearly for Families & Beneficiaries | MTA

Описание: Many UK families assume pensions are always exempt from Inheritance Tax, but the rules in 2026 are far more complex. In this video, MTA (My Tax Accountant) explains how Inheritance Tax applies to pensions in the UK, when they are exempt, and the situations where beneficiaries could face unexpected tax exposure.

MTA breaks down the different types of pensions—defined contribution, defined benefit, workplace schemes, SIPPs—and explains how HMRC treats each of them for Inheritance Tax purposes in 2026. We also clarify the impact of whether the pension was accessed, crystallised, left untouched, or transferred late in life, as these details can significantly change the tax outcome.

This video is tailored exclusively for UK taxpayers and reflects real cases MTA (My Tax Accountant) handles for families dealing with pension death benefits, estate planning, and post-death administration. We explain nomination forms, beneficiary rules, the age-75 rule, and how payments are taxed depending on the circumstances of death.

MTA also highlights how pensions interact with Excepted Estates rules in 2026. While pensions are usually outside the estate for IHT, mistakes—such as missing nominations, incorrect ownership structures, or pension lump sums paid to the estate—can result in part of the pension becoming taxable. Delays in estate reporting or incomplete pension disclosure can trigger HMRC follow-up enquiries.

If you want to protect your family from unnecessary tax in 2026, or if you are an executor dealing with a pension payout and unsure how HMRC will treat it, this video will give you the clarity you need. For deeper guidance and planning strategies, readers can explore more at MTA’s official website.

Website: https://www.mytaxaccountant.co.uk

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Phone: 0208 5708531
Email: [email protected]

Disclaimer
This video is for general information only and reflects UK tax rules and HMRC practice as understood in 2026 at the time of publication. It does not constitute tax, legal, or financial advice. Pension tax outcomes depend on individual circumstances, scheme rules, and HMRC guidance. MTA (My Tax Accountant) accepts no responsibility for actions taken or decisions made based on this content. Always seek personalised professional advice before acting.

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