Article preview: Have you considered making a pension contribution on behalf of a family member? New figures published by insurer Canada Life show that this type of pension contribution can reduce an inheritance tax bill as well as attracting tax relief. In one scenario shared by Canada Life, a 90% tax saving was achieved.
How a pension contribution can reduce your inheritance tax bill and attract income tax relief
This 544-word blog post looks at some numbers crunched by Canada Life designed to demonstrate the inheritance tax saving and income tax relief achievable by making a pension contribution on behalf of a family member. Written on 8th February 2021.
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