Wednesday 21 February 2018

More families turn to pensions to avoid death duties

Daily Telegraph: Billions of pounds are being passed down the generations – and bypassing inheritance tax – as savers exploit a lesser-known advantage of the “pension freedoms”.

This set of reforms, applying from April 2015, made it easier to pass unused pension assets from one generation to another. New figures from the City regulator reveal the extent to which families are now benefiting from this.

Full story: http://www.telegraph.co.uk/tax/inheritance/families-turn-pensions-avoid-death-duties/