Good news for pension policyholders

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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