Policy paper
Inheritance Tax: treatment of pension scheme drawdown funds on death
This applies to personal representatives and beneficiaries of registered pension scheme members who had unused pension funds at the time of their death.
Documents
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Details
This legislation extends the scope of the current Inheritance Tax (IHT) exemption so that the failure to draw down all of the designated funds before a pension scheme member’s death will not trigger an IHT charge.
Updates to this page
Published 9 December 2015