UK budget changes may tax death-in-service payments to Armed Forces families, sparking campaigner protests.

Proposed UK budget changes may impose a 40% inheritance tax on death-in-service payments to families of off-duty Armed Forces members, campaigners claim. The Forces Pension Society is planning a formal response, urging Chancellor Rachel Reeves to exempt these payments from the new tax rules. Current exemptions for those dying from wounds, accidents, or diseases on active service will remain.

November 19, 2024
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