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Pensions and IHT - the final (ish) chapter

Last Updated:19 Aug 26

2 min read

There’s a little under 8 months to go until most pensions fall into the IHT net.

March saw the Finance Act get Royal Assent so we now have an almost final understanding of the scope of the changes and associated tax issues. Regulations have been issued telling us what the practical mechanics of the new regime will be.

 

Les Cameron (Head of Technical, M&G).

Les takes a look at where we are and what’s outstanding.   Who’s going to have a liability? What will it be? And how can we get it paid?

In addition, he will look at some cases studies on potential actions to reduce those liabilities.

90 minutes video, including approximately 30 minutes Q&A I Structured CPD accredited by the CII

Learning outcomes

By the end of the session you should be able to:

  • Identify who will be impacted by the inclusion of pensions in the IHT regime
  • Calculate the tax liability of a pension scheme
  • Explain the process for pension schemes meeting IHT liabilities and when to use them
  • Explain how discounted gift trusts and loan trusts can help meet retirement needs alongside intergenerational tax efficiency. 
Download the slides
Q&A

Claiming your CPD

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below

A. What is included in the estate from April 2027? 

  1. Pension Death Benefits
  2. Annuity Death Benefits
  3. Notional  Pension Property
  4. Lump Sum Death Benefits

 

B. Which of the below is NOT excluded from the new pension and IHT rules?

  1. Defined Benefit Lump Sum Death Benefit
  2. Joint Life annuity
  3. Dependant's scheme pension
  4. Trivial Commutation Lump Sum Death Benefit

 

C. What is the overall tax on £10,000 fully within the IHT charge and paid to a higher rate taxpaying beneficiary for a post age 75 death

  1. £4,000
  2. £5,200
  3. £6,400
  4. £9,100

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below

A. What is included in the estate from April 2027? 

  1. Pension Death Benefits
  2. Annuity Death Benefits
  3. Notional  Pension Property
  4. Lump Sum Death Benefits

 

B. Which of the below is NOT excluded from the new pension and IHT rules?

  1. Defined Benefit Lump Sum Death Benefit
  2. Joint Life annuity
  3. Dependant's scheme pension
  4. Trivial Commutation Lump Sum Death Benefit

 

C. What is the overall tax on £10,000 fully within the IHT charge and paid to a higher rate taxpaying beneficiary for a post age 75 death

  1. £4,000
  2. £5,200
  3. £6,400
  4. £9,100

Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when contacting us.

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