Death benefits & inheritance tax

Case studies

• Death benefits: discretion or direction
• How inheritance might apply to a pensions transfer
• Pension death benefits in trust

Death benefits overview

• Beneficiary drawdown
• Death benefits from April 2015
• Death benefits: discretion or direction
• Nominee and successor flexi-access drawdown
• Taxation of pension death benefits

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.

• Death benefits pre 6 April 2015 overview

Death benefits - earn CPD

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

• Death benefits

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 – Facts and planning

In this webinar, we consider the key differences in different types of workplace pension agreements, recent market findings and the use of salary exchange.

From here we take a deeper dive into business protection, understand some of the opportunities to talk about business protection with your SME clients, know how to position the potential risks, discuss the impact to a business and recommend a solution.

• Opening the door to workplace pensions and business protection

Frequently asked questions

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

• Death benefits - Our top five questions
• Death benefits

Inheritance tax overview

In this article we look at the differences between individual savings accounts and pensions when it comes to inheritance tax.

• Inheritance tax - pensions v individual savings account

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

• How inheritance tax might apply to a pension transfer (deceased estate taxed in England)

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

• Importance of inheritance tax planning (PDF)

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.

• What is a gift inter vivos policy and when should it be used?

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

• Deductibility of debts for Inheritance Tax

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

• House of Commons briefing paper - Inheriting pension rights

Calculate any potential inheritance tax liability based on an individual's assets and liabilities using our calculator.

• Inheritance tax calculator

Inheritance tax - earn CPD

In this webinar we look at ways to strengthen your IHT planning conversations and demonstrate the value of Whole of Life plans.

• IHT planning using Whole of Life plans

We investigate three of the hottest technical pension topics including IHT and pensions changes from January 2022 – when IHT can apply to pensions and the recent changes to the reporting of IHT.

• Pension hot topics

Trusts overview

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.

• What is a spousal bypass trust?