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1 Limits to tax relief and tax-free benefits About this factsheet Tax-favourable pension benefits built up by individuals in the UK are subject to allowances set by HM Revenue & Customs (HMRC).

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The tax applies to property that is transferred via a will or according to state laws of intestacy. Other transfers that are subject to the tax can include those made through an intestate estate or trust, or the payment of certain life…

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