Macro Finance
UK Inheritance Tax Changes Spur Higher Pension Withdrawals
Bloomberg Markets·November 6, 2026·1 min read
UK savers are withdrawing from their pensions earlier than usual to avoid inheritance tax on unspent defined-contribution pensions, set to be introduced next April. The changes have prompted a surge in early withdrawals as individuals seek to shelter assets from the new tax. Financial advisors expect the trend to continue ahead of the April deadline.
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