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Paraplanners Assembly 2025: Pensions, death and taxes

In preparation for the change, the government announced a consultation on the liability, reporting and payment of IHT at last October’s Budget.

That consultation ended late last month. But what are its conclusions likely to be? And what do paraplanners need to know now so you, your firm and its clients are ready when the reforms go live?

Learning outcomes

  • Describe the tax treatment of pension schemes on death
  • Explain the key elements of creating an IHT plan
  • Evaluate potential solutions for individuals whose pensions may be caught up in the IHT net

A. When did the requirement to buy an annuity at 75 go?

  • 2006
  • 2011
  • 2015

B. When was the lifetime allowance abolished?

  • 2023
  • 2024
  • 2025

C. When are all pension funds expected to be in scope for IHT?

  • April 2027
  • April 2027 but only if die after 75
  • April 2027 but only if die before 75

A. When did the requirement to buy an annuity at 75 go?

  • 2006
  • 2011
  • 2015

B. When was the lifetime allowance abolished?

  • 2023
  • 2024
  • 2025

C. When are all pension funds expected to be in scope for IHT?

  • April 2027
  • April 2027 but only if die after 75
  • April 2027 but only if die before 75

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