Inheritance Tax: Pensions - Question

Part of the debate – in the House of Lords at 2:58 pm on 17 November 2025.

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Photo of Lord Davies of Brixton Lord Davies of Brixton Labour 2:58, 17 November 2025

May I welcome my noble friend’s clear statement that the purpose of a pension fund is to provide pensions and not to assist the better-off in estate planning? Does he agree with me, given the frequent press comment that inheritance tax is, in many senses, a voluntary tax, that anyone will be able to avoid paying the higher rate of tax with a modicum of planning?