Are pensions likely to be taxed in the event of an exit tax being introduced into the UK?

Other countries often carve out certain pension rights and apply specific rules to tax-favoured savings plans. In the UK, pensions are taxed under their own regimes and ISAs are exempt from UK capital gains tax during residence, so these areas would need special consideration under any exit tax.

At this stage there is no published detail on how pensions and ISAs would be treated. Anyone with larger pension pots, share schemes or ISA holdings should assume that the interaction could be complex and may need specialist advice if a proposal returns.