Bereaved families will no longer be hit with a tax bill if a pension scheme takes longer than two years to process death benefits.
The deadline to take benefits tax-free if your loved one died aged under 75 was axed in the Budget this week.
The move will remove a tax burden on families experiencing long delays to payouts that are beyond their control – including those caught up in the civil service pensions crisis.
Civil service pensioners and grieving relatives have faced hardship after being deprived of incomes and lump sums for months or years, following a meltdown at the scheme.
Abolition of
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.