The tax system treats funds that remain in a pension at death extremely favourably. Where an individual dies before age … 75, funds remaining in their pension escape income tax entirely - there was income tax relief when the money was paid … into the pension and no income tax when the money is taken out. Furthermore, any funds that remain in a pension at death …

This report highlights 10 key facts about UK tax and public finance policy that will underpin the choices faced by …

pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That …How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support … means getting pensions tax design right matters. It matters for people's well-being in retirement, especially if it can …

This report gives a high-level overview of tax policy across the period 2010 to 2024. An appendix summarises the main … tax policy changes. There are some clear distinctions between the governments before 2019 (including the coalition … government of 2010-15) and the governments from 2019. Most notably, tax revenue as a share of national income was remarkably …

The past 14 years have witnessed an enormous amount of reform to the tax and benefit system. While it is tempting for … report, we study the impact of policy changes to direct taxes (income tax, National Insurance contributions and council tax … is this tax and benefit system that they will inherit and which departures from will be measured against. …

of tax policies but also their distributional impacts: that is, their impacts on different segments of the population …. Such evidence can promote a more equitable and welfare-enhancing tax and benefit system, helping distinguish policies which … effects on low- and middle-income households. In this context, the Centre for Tax Analysis in Developing Countries (TaxDev …

We set out issues with the inheritance tax system and examine options for reform and the distributional impacts of … reforming or abolishing the tax. …

This "explainer" looks at how the parties' proposals would affect Scotland and Wales, covering tax, spending, public …

on current forecasts for UK government funding and devolved tax revenues, suggests that 2025-26 will see a substantial …