Unused pension funds become subject to inheritance tax
What’s happening
Most unused pension funds and death benefits will count toward a person's estate for UK inheritance tax; death-in-service benefits paid from registered pension schemes are excluded.
What to do
Add estate and retirement planning sessions to financial wellbeing programs and reassure staff that death-in-service cover is not affected.
How Workbliss can help
Workbliss financial wellbeing sessions explain changes like this in plain language, country by country.
Plan support for your teamsSource
gov.uk. Checked October 19, 2026.