On Monday 3 November 2025 the House of Lords Economic Affairs
Finance Bill Sub-Committee will take evidence from two panels of
witnesses about measures in the draft Finance Bill 2025–26 which
reform inheritance tax (IHT) on unused pensions and death
benefits.
This evidence session, which is open to the public, will be held
in Committee Room 3 of the House of Lords and streamed live and
on demand on Parliament TV.
At 4pm the sub-committee will hear evidence from:
- Mark Plewes, Head of Pensions Technical, WBR Group Limited
- Renny Biggins, Head of Retirement, The Investing and Saving
Alliance (TISA)
- David Gallagher, Chair, Association of Pension Lawyers (APL)
- Kirsty Cotton, Chair, Pensions Taxation Committee,
Association of Consulting Actuaries (ACA).
At 4.45pm the sub-committee will hear evidence from two former
pensions ministers:
- Sir , Partner at Lane Clark &
Peacock LLP
-
CBE.
Questions the sub-committee is likely to ask include:
- How sensible is the Government's proposal that pension scheme
administrators be responsible for accounting for IHT on unused
pensions?
- What issues are there with the Government's plans to
legislate for information sharing between personal
representatives and pension schemes before probate is granted, so
that IHT can be both calculated and paid within six months of
death?
- How easy will it be to get up-to-date valuations of pension
assets and/or death benefits?
- What impact will these proposals have on pension planning and
saving?
- Will personal representatives be able to manage any liquidity
challenges related to paying IHT on pensions?
- Has the government engaged effectively with stakeholders in
shaping its policy decisions around this measure?
