From 6 April 2027, many benefits payable under pension schemes following a member’s death will potentially be caught for inheritance tax purposes. In this session, we explore:
- the IHT basics
- the benefits in scope and those which are not, as well as some possible tricky areas
- how the process for assessing benefits for IHT purposes will work in practice, including information sharing obligations, “withholding notices” and “payment notices”, and
- some essential steps schemes should consider taking to prepare.
