Commentary

I10.125 Pension rights etc

IHT, trusts and estates

I10.125 Pension rights etc

I10.125 Pension rights etc

Where a person has under a pension scheme a pension or annuity which does not cease on his death1 but continues for a guaranteed period, the trustees of the scheme are not liable for any IHT on it2. His personal representatives are primarily liable on the actuarial value of the balance of the pension or annuity3, but a secondary liability arises for any person in whom the pension or annuity is vested or who is entitled to any interest in possession in it4.

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