Autumn Budget 2024: Pensions and Aim shares to be taxed in IHT crackdown

The chancellor has announced that pension pots will be liable for inheritance tax from 2027, while Aim shares will be hit a year earlier. Critics call the measures a “blow for savers”

Older couple looking at laptop
(Image credit: Getty Images)

The chancellor has announced an inheritance tax crackdown that will see pension pots and Aim shares subject to the tax.

Rachel Reeves said in her Budget speech that only 6% of estates will pay inheritance tax (IHT) this year, and that she wanted to take a “balanced approach” to changing the tax in a bid to raise revenue.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.