Labour's Potential Impact on Pension Plans and Inheritance Tax Cut

Labour leader Keir Starmer's potential change in tax-free cash rules could impact pension plans, with alternative ways to manage income liability in retirement suggested. The UK top 1% would benefit the most from a proposed cut in inheritance tax, according to a report by the Institute for Fiscal Studies (IFS). The report also highlighted the potential fiscal cost and the need to address the surge in wealth among older generations.