Commentary

I5.635 IHT and alternatively secured pensions

IHT, trusts and estates

I5.635 IHT and alternatively secured pensions

I5.635 IHT and alternatively secured pensions

Prior to 6 April 2011, there was an effective requirement that once a member reached 75, he must either purchase an annuity, or take an alternatively secured pension (ASP)1. These rules were repealed from 6 April 20112.

Position post 5 April 2011

Individuals are now able to leave their pension funds invested in a drawdown arrangement and to make withdrawals throughout their retirement, subject to an annual cap prior to 5 April 2015 but thereafter without restriction. Because of these changes with effect from 6 April 2011, inheritance tax does

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