IHTM17036 - Pensions: IHT exclusions: rights to a pension or annuity

Under IHTA1984/S151, the value of an interest in:

• a registered pension scheme (IHTM17021),
• a qualifying non-UK pension scheme (IHTM17025), or
• a section 615(3) scheme (IHTM17026),

that comes to end on the death of the person entitled to it is excluded from the value of their estate if the interest:

• is, or is a right to, a pension or annuity
• is not a benefit provided otherwise than by way of a pension or annuity.

Death benefits do not fall within this exclusion.