Article preview: A potential source of pensions tax confusion was cleared up this week following a Court ruling. The question addressed is whether or not inheritance tax should be applied when someone in terminal ill-health transfers their pension. It’s a Court case dating back to 2014, The Commissioners for Her Majesty’s Revenue and Customs v Parry & Ors.
Inheritance tax will not be applied to pension transfers in these circumstances
This 338-word blog post reports on the outcome of the Staveley Case, where the Supreme Court concluded that the omission gave rise to a charge to inheritance tax, but the transfer did not. Written on 20th August 2020.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.