Tips on using your pension to help reduce inheritance tax

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inheritance tax can eat into the savings you want to pass on to loved ones after you’re gone. The latest HM Revenue & Customs data revealed IHT receipts for April 2022 to February 2023 are £6.4 billion. Jason Hollands of the investment platform Bestinvest, told The Telegraph: “Former Labour Chancellor Roy Jenkins famously described IHT as ‘a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue'.