Death and taxes may be the only real guarantees in life but simpler models should be considered to achieve the policy objective of making the IHT system fairer, writes Lee Halpin
Chancellor Rachel Reeves only mentioned ‘pensions' once in her Spring Statement speech and that was in passing to highlight the growth agenda. Having been upgraded from a ‘forecast' and dubbed an ‘emergency budget' by the opposition – the pensions industry hoped there wouldn't be any major surprises, especially as we're still getting our heads around the inheritance tax (IHT) shock from last year's Autumn Budget. Advisers have told us that pensions forming part of a person's estate for IHT purposes has been a hot topic with many clients in the months since the announcement. Recent ...
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