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[BUSINESS] · United Kingdom · 2 sources

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Part of situation: UK inheritance tax and pension withdrawal trends (2 clusters)

UK inheritance tax receipts reach record £936m in September

inheritance tax HMRC UK economy tax receipts asset values

UK inheritance tax (IHT) receipts reached a record monthly high of £936m in September 2026, according to HMRC figures. This represents an increase of £265m compared to the £671m collected in September 2025 and surpasses the previous monthly record of £871m set in June 2026.

For the first six months of the 2026/27 financial year, total receipts reached £4.72bn, a 7% increase from the £4.39bn collected during the same period last year. The Office for Budget Responsibility (OBR) has forecast that total IHT receipts will reach £9.5bn by the end of the 2026/27 financial year, up from £8.5bn in the previous year.

Experts attribute the rising collections to frozen tax thresholds and increasing asset values, particularly in property. The nil-rate band has remained at £325,000 since 2009. Additionally, upcoming changes are expected to expand the tax net, including reforms to Business Property Relief and the inclusion of unused pension pots within the scope of IHT starting in April 2027.

Entities

HMRC · Office for Budget Responsibility · United Kingdom

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] Unused pension pots will fall within the scope of inheritance tax from April 2027. theintermediary.co.uk
  • [○ 1 SOURCE] September 2026 receipts were £265m higher than in September 2025. theintermediary.co.uk
  • [● 2 SOURCES] The Office for Budget Responsibility forecasts IHT receipts will reach £9.5bn in the 2026/27 financial year. theintermediary.co.uk · www.cityam.com
  • [○ 1 SOURCE] Total inheritance tax receipts for the first six months of the 2026/27 financial year reached £4.72bn. theintermediary.co.uk
  • [● 2 SOURCES] UK inheritance tax receipts reached £936m in September 2026. theintermediary.co.uk · www.cityam.com
  • [○ 1 SOURCE] The nil-rate band for inheritance tax has remained at £325,000 since 2009. www.cityam.com

Sources

Inheritance Tax receipts hit record £936m in September [theintermediary.co.uk]
Inheritance tax receipts reach fresh record high as Autumn Budget approaches [www.cityam.com]