Scrapping pensions tax-free cash to pay for IHT abolition branded 'terrible idea'

The Institute of Economic Affairs' (IEA) idea to scrap pensions tax-free cash to help pay for inheritance tax (IHT) abolition has been branded "a terrible idea". In an article in The Times on Monday (7 October), the IEA called on the government to scrap pensions tax-free cash to help pay for inheritance tax abolition. At the Conservative party conference earlier this month, chancellor Sajid Javid (pictured) hinted he could cut inheritance tax, saying "it's something that's on my mind". AJ Bell senior analyst Tom Selby called the idea "terrible", adding: "Axing pensions tax-free cas...