To ask the Chancellor of the Exchequer, whether his Department's process in estimating the costs of the policies announced in the Spring Budget 2023, HC 1183, published on 15 March 2023 to increase the Pension Annual Allowance from £40,000 to £60,000 and the charge removal and abolishing of the Pension Lifetime Allowance, included consideration of the potential behavioural impact on (a) inheritance tax planning and (b) inheritance tax receipts.

Information on the costings of the abolition of the lifetime allowance and increase to the annual allowance can be found in the Policy Costings publication Costing_Document_-_Spring_Budget_2023.pdf (publishing.service.gov.uk)