Pensions and IHT: Preparing for the April Changes
Key Subjects
- Revisit the Basics
- Examine the New Legislation
- Practical Pointers on How to Approach the Challenge, for You and Your Clients
Details
- Date: Tuesday 9th March 2027
- Venue: Live Virtual Conference
- CPD Hours: 6 hours
- Expires after: 120 Days
- £139 Plus VAT
Access
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With pensions due to come within the scope of inheritance tax from April, this conference is an opportunity to get the latest information in advance of the changes taking effect. The day is led by John Bunker, solicitor, Chartered Tax Advisor and lecturer, and Professor Lesley King, Professional Development Consultant at the University of Law. Together they bring deep technical knowledge and practical experience of this area.
New legislation and HMRC Guidance is gradually emerging – with two changes announced in the Budget on 28 October- but absorbing the changes, re-evaluation planning options for clients and amending office processes and procedures is a real challenge.
The conference will cover the new process for personal representatives, key planning options for clients, the effect on probate and estate administration, and what the changes mean for will drafting.
Who is this for?
- Private client solicitors and legal executives
- Probate and estate administration practitioners
- Will writers and estate planning professionals
- Others who advise on or administer estates
Revisit the Basics
This session will begin by revisiting the fundamentals of how pension death benefits are treated, so that everyone is working from the same foundation before moving on to the changes.
- The forms of pensions caught
- Income tax treatment
- Use of nominations and letters of wishes
Examine the New Legislation
The session will then look closely at the new legislation bringing pensions within the scope of inheritance tax, working through the key concepts, who is liable and what the new reporting and payment mechanisms mean in practice.
- What is notional pension property?
- Liability for IHT on notional pension property
- Non-UK pension schemes
- Information sharing regulations
- Time limits
- Prospective PRs
- Withholding and direct payment notices
- The significance of clearance
Practical Pointers on How to Approach the Challenge, for You and Your Clients
Finally, the session will provide guidance on how to approach these cases in your own practice and how to support clients through them.
- Getting the information
- The importance of checklists
- Dealing with PSAs
- Working with other professionals
£139.00 + VAT
Sponsored by
Speakers
John Bunker
Solicitor, Chartered Tax Advisor and Lecturer
Solicitor, Chartered Tax Adviser and Lecturer
Professor Lesley King
Professional Development Consultant, University of Law
Professional Development Consultant, University of Law
Rebecca Bonner
Independent Financial Adviser, Trigpoint Financial Planning