• Britain pays record £5bn in inheritance taxThe grief caused by the threat of inheritance tax is also never recognised in the stats. HM Revenue & Customs this week also confirmed that even the pensions of those who die before retirement will be liable for inheritance tax. Finally, our 40 per cent rate of inheritance tax is one of the highest in the world. The inheritance tax regime doesn’t need toughening up. An opportunistic tax grab on family money would be economically unwise and a giant political folly.
