IHT Issues for Pensions and Life Policies

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The IHT and CGT treatment of pensions and life policies is generally favourable and offers opportunities for estate planning. However, the tax treatment is complex, and can lead to unforeseen charges, especially with non-standard arrangements. The talk will give an overview of this area of law, with pitfalls to avoid and some planning tips.

• Overview of IHT regime for pensions – privileged treatment for pension schemes
• Taking benefits and omission to exercise pension rights during lifetime
• IHT position on death – death benefits and assignment of pension rights onto trust
• Estate planning implications of the Lifetime Allowance
• Life policies – IHT treatment
• Settlement on trust of life policies

Simon Douglas, Barrister, 5 Stone Buildings