Rejected petition: Stop your personal pension being included for IHT - Why this is unlawful
Rejected on
These Proposed Changes are UNLAWFUL. Funds accrued since 2015 to 2027 are lawfully outside the estate. The Government are applying retrospective taxation legislation on the whole fund, not on the excess of your pension value after April 2027. Precendee was set in 2006 A-DAy with Pension Protection.
If you amassed contributions into your pension when the law said the death benefit is outside the estate, you cannot expect to pay IHT on the whole of this fund after April 2027. This is clearly retrospective tax legislation. Say there was an ANPR video camera outside your house and for the last 7 years you were driving at 30mph The law changes to 20mph and you drive accordingly. You then get speeding tickets for last 7 years when you were driving within the law. Proposed legislation is unlawful
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/761152
We only reject petitions that don’t meet the petition standards.