Elderly farmers who live past 75 could be charged over 65% in tax

NFU Mutual said farmers who die after age 75 could see a total tax charge of 67% following the Autumn Budget, with pensions set to be included in the Inheritance Tax calculation from April 2027

Chris Brayford
clock • 4 min read
Chancellor Rachel Reeves | Credit: Kirsty O'Connor/HM Treasury
Image:

Chancellor Rachel Reeves | Credit: Kirsty O'Connor/HM Treasury

More farmers are seeking advice on their pension pots following changes in the Autumn Budget which will bring unspent pensions and death benefits within the scope of Inheritance Tax from April 2027...

To continue reading...

Already a member? Login for full access.

Login

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358

 

More on Farm Business

New CLA chief tells Labour ministers: 'No Government has taxed its way to growth'

New CLA chief tells Labour ministers: 'No Government has taxed its way to growth'

Labour's tax policies will destroy small and medim family businesses, Gavin Lane tells attendees at the CLA conference

clock 21 November 2025 • 2 min read
Almost half of farms do not have a succession plan in place ahead of IHT changes

Almost half of farms do not have a succession plan in place ahead of IHT changes

Figures from NFU Mutual show that almost 18% of farmers said it was important to put plans in place for the future of their business but added they had done nothing about it. A further 32% said they did not believe drawing up a plan was relevant or important to them

clock 21 November 2025 • 3 min read
Farm Business Income figures rise

Farm Business Income figures rise

In 2024/25, average Farm Business Income rose for all farm types except specialist pig farms and horticulture farms

Alex Black
clock 20 November 2025 • 2 min read