Death benefits & inheritance tax

Pensions freedoms in 2015 introduced major changes to pension death benefit options and taxation. Here we provide some technical support to help you.

Read our technical articles

Major changes to the tax charges that apply to benefits paid on the death of a pension scheme member took effect from 6 April 2015.  This article explains how the funds were treated prior to then.

CPD | Death benefits – Pensions freedoms in 2015 introduced major changes to pension death benefit options and taxation. Here we provide some technical support to help you.

CPD | Death benefits – Facts and planning  The changes to death benefits have had a fundamental impact on advisers, their clients and also the beneficiaries of clients. This webinar will briefly mention the law and some of the areas which are causing problems for advisers but it will also consider where advisers can add value to their professional connections by explaining areas where pension legislation may interact with other areas of the law.

Death benefits: our top five frequently asked questions

Here we look at some of the questions we are asked most often. 

Inheritance tax

In these case studies we look at inheritance tax on transfers.

In this guide we talk about the importance of inheritance tax planning.

A spousal bypass trust can be used to stop death benefits falling into the surviving spouse’s estate. Here we explain how this type of trust works.

On the 6 April 2015 the residence nil-rate band (RNRB) was introduced. This is an additional threshold for inheritance tax (IHT) planning above the current £325,000 threshold. Here we explain how this works.

Gifts made to anyone from your client’s estate are exempt from inheritance tax provided they survive for a period of 7 years from the date the gift is made. Here we explain how this works.

The Finance Act 2013 introduced a change which limits the deductibility of debts in certain circumstances.  Here we explain the changes.

The House of Commons has produced a briefing paper on inheriting both state and private pension rights. 

CPD | Protecting a legacy – the opportunities available - In this webinar, we take a closer look at the opportunities available in the Inheritance Tax Planning space. 

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.