Raising Death Tax threshold is the first step

April 12, 2015 11:31 AM

Responding to the news that the Conservatives plan to increase the Inheritance Tax family home threshold to £1 million, Jonathan Isaby, Chief Executive, said:

"The Death Tax is fundamentally immoral, hitting families at the worst possible time, and any attempt to alleviate the burden is welcome. For too long, successive Chancellors have allowed more and more people to be dragged into the top band by refusing to move the thresholds, and correcting for that is well overdue. This is a welcome first step towards the abolition of the most hated tax in Britain, one that penalises people for working hard and trying to pass on a better life to their children and grandchildren.

"However, it's important that we look at the detail of withdrawing tax relief from pension contributions, as there remain serious questions about how fair and indeed practical it is to do so."

You can read our full press release here

See our previous comments on this subject here

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