diff --git a/mypy/checker.py b/mypy/checker.py
index 1f4cb8bc7b3a6..dbd1adfb42e3a 100644
--- a/mypy/checker.py
+++ b/mypy/checker.py
@@ -1203,7 +1203,9 @@ def check_func_def(self, defn: FuncItem, typ: CallableType, name: str | None) ->
                 return_type = get_proper_type(return_type)
 
                 if self.options.warn_no_return:
-                    if not isinstance(return_type, (NoneType, AnyType)):
+                    if not self.current_node_deferred and not isinstance(
+                        return_type, (NoneType, AnyType)
+                    ):
                         # Control flow fell off the end of a function that was
                         # declared to return a non-None type and is not
                         # entirely pass/Ellipsis/raise NotImplementedError.
@@ -2431,6 +2433,7 @@ def should_report_unreachable_issues(self) -> bool:
         return (
             self.in_checked_function()
             and self.options.warn_unreachable
+            and not self.current_node_deferred
             and not self.binder.is_unreachable_warning_suppressed()
         )
 
@@ -4179,14 +4182,7 @@ def visit_try_without_finally(self, s: TryStmt, try_frame: bool) -> None:
                                 # To support local variables, we make this a definition line,
                                 # causing assignment to set the variable's type.
                                 var.is_inferred_def = True
-                                # We also temporarily set current_node_deferred to False to
-                                # make sure the inference happens.
-                                # TODO: Use a better solution, e.g. a
-                                # separate Var for each except block.
-                                am_deferring = self.current_node_deferred
-                                self.current_node_deferred = False
                                 self.check_assignment(var, self.temp_node(t, var))
-                                self.current_node_deferred = am_deferring
                         self.accept(s.handlers[i])
                         var = s.vars[i]
                         if var:
diff --git a/test-data/unit/check-flags.test b/test-data/unit/check-flags.test
index 11229465eac4e..9fdd5ea2232cd 100644
--- a/test-data/unit/check-flags.test
+++ b/test-data/unit/check-flags.test
@@ -366,6 +366,22 @@ def f() -> NoReturn:  # E: Implicit return in function which does not return
   non_trivial_function = 1
 [builtins fixtures/dict.pyi]
 
+[case testNoReturnImplicitReturnCheckInDeferredNode]
+# flags: --warn-no-return
+from typing import NoReturn
+
+def exit() -> NoReturn: ...
+
+def force_forward_reference() -> int:
+    return 4
+
+def f() -> NoReturn:
+    x
+    exit()
+
+x = force_forward_reference()
+[builtins fixtures/exception.pyi]
+
 [case testNoReturnNoWarnNoReturn]
 # flags: --warn-no-return
 from mypy_extensions import NoReturn
diff --git a/test-data/unit/check-statements.test b/test-data/unit/check-statements.test
index c26e9672056bd..9b571cb20c0db 100644
--- a/test-data/unit/check-statements.test
+++ b/test-data/unit/check-statements.test
@@ -945,6 +945,18 @@ x = f()
 main:10: note: Revealed type is "builtins.int"
 main:15: note: Revealed type is "builtins.str"
 
+[case testExceptionVariableWithDisallowAnyExprInDeferredNode]
+# flags: --disallow-any-expr
+def f() -> int:
+    x
+    try:
+        pass
+    except Exception as ex:
+        pass
+    return 0
+x = f()
+[builtins fixtures/exception.pyi]
+
 [case testArbitraryExpressionAsExceptionType]
 import typing
 a = BaseException
diff --git a/test-data/unit/check-unreachable-code.test b/test-data/unit/check-unreachable-code.test
index 289d042d87903..64736e55e2dd8 100644
--- a/test-data/unit/check-unreachable-code.test
+++ b/test-data/unit/check-unreachable-code.test
@@ -1397,3 +1397,20 @@ a or a  # E: Right operand of "or" is never evaluated
 1 and a and 1  # E: Right operand of "and" is never evaluated
 a and a  # E: Right operand of "and" is never evaluated
 [builtins fixtures/exception.pyi]
+
+[case testUnreachableFlagWithTerminalBranchInDeferredNode]
+# flags: --warn-unreachable
+from typing import NoReturn
+
+def assert_never(x: NoReturn) -> NoReturn: ...
+
+def force_forward_ref() -> int:
+    return 4
+
+def f(value: None) -> None:
+    x
+    if value is not None:
+        assert_never(value)
+
+x = force_forward_ref()
+[builtins fixtures/exception.pyi]