Legal Knowledge Scotland » pensions http://www.legalknowledgescotland.com Legal support for lawyers Wed, 14 Mar 2018 15:58:09 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Good news for pension policyholders http://www.legalknowledgescotland.com/?p=392 http://www.legalknowledgescotland.com/?p=392#comments Sun, 04 Sep 2011 14:38:54 +0000 http://www.legalknowledgescotland.com/?p=392 A provision of the 2011 Finance Act could help the relatives of people who have died before taking their pension rights
The change is that if you die before reaching the age of 75 and you have not taken your pension rights you will not be taxed as if you have made a gift.  Prior to this change this could have substantially increased the amount of inheritance tax payable.
Well done to HMRC for listening to the arguments made on this issue.
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