Present rules state that anyone with a British 'domicile' has to pay inheritance tax (IHR) on their worldwide wealth even if they spend their retirement, and die, in a foreign country.

Birmingham Mail

Birmingham

West Midlands

England

United Kingdom

Pensioners face 25% charge after little-known tax loophole closed by Labour

A tax loophole change in the October Budget will affect pension savings.

Media Bias/Fact Check

Daily Express

Reach plc

State pensioners lose savings after Labour shuts loophole

Retirees relocating to Europe face transfer penalties on savings under Rachel Reeves

All Sides

The Telegraph

Press Holdings

David and Frederick Barclay

London

Greater London

Pensioners face 25pc tax hit in little-known raid

Pensioners planning to retire in Europe face losing 25 per cent their savings after Rachel Reeves moved the goalposts on tax.

The Union wants to motivate seniors to work with tax candy. A management consultancy has played through the effects.

Die Union will Senioren mit einem Steuerbonbon zur Arbeit motivieren. Eine Unternehmensberatung hat die Effekte durchgespielt.

Aktivrente der CDU: Was bringt Rentnern ein Steuerfreibetrag?

Frankfurter Allgemeine

Frankfurt

Hesse

Germany

CDU active pension: What does a tax allowance give pensioners?

Keir Starmer was accused of "hypocrisy" over a tax perk he was given on his pension from a previous job.It comes as the Prime Minister plans to impose an inheritance tax on pensions. Under the current tax arrangements in the UK, pensions are generally not subject to inheritance tax. When someone passes away, their pension can typically be passed on to their beneficiaries without being taxed under inheritance tax rules. From April 2027, inherited…

GB News

EXPOSED: How Starmer came under fire for a £1m tax-free perk years before his raid on pensioners' savings

State pensioners face losing 25% of their pension savings following a tax rule change in Labour’s October Budget. Chancellor Rachel Reeves closed a tax loophole that allowed people to leave £1,073,100 in their UK pension and transfer the remainder into a qualifying overseas scheme. It meant that retirees could take a quarter of their pension pot (£268,275) tax-free from their UK scheme as well as a tax-free cash entitlement from their overseas s…

State pensioners lose £268,275 each after Labour closes down loophole

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