Inheritance Tax warning as 153,000 face new or hiked bills after rule change Over 150,000 households could face Inheritance Tax after the changes announced in the Budget are implemented.
Interactive Investor calculates that someone with a mortgage-free property worth £300,000 - just above the national average recorded by the Office of National Statistics (ONS) currently £290,000 - and a pension worth £100,000 would face a tax liability of £30,000 from April 2027, rising to £110,000 for pensions valued at £300,000.
The OBR figures, collected via a Freedom of Information (FOI) request by Interactive Investor, showed an extra 31,200 estates would be liable for the tax in 2027-28 until the end of the 2029-30 tax year.
Interactive Investor noted that the change means that the estates of those with relatively "modest assets" and pension savings could face a new Inheritance Tax liability.
In the 2027/28 tax year alone, the average Inheritance Tax liability is expected to be £169,000 - increasing by around £34,000 when pension assets are included in the value of the estate.
