UK Inheritance Tax Changes Spur Higher Pension Withdrawals

Britain’s savers are pulling money out of their pensions earlier than usual, attempting to get ahead of the introduction of inheritance tax on unspent defined-contribution pensions next April.

By Harry Black · Bloomberg Markets

Britain’s savers are pulling money out of their pensions earlier than usual, attempting to get ahead of the introduction of inheritance tax on unspent defined-contribution pensions next April.