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

Draft clause 45

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Draft explanatory notes clause 45

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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.

Published 9 December 2015