Myth busting: Unpicking death benefit changes

Myth busting: Unpicking death benefit changes

clock

Claire Trott gives advisers some technical pointers on death benefit changes

The initial announcements in September 2014 on the death benefit changes were received with disbelief from the adviser community. It did all seem too good to be true, but the majority of the announcements have appeared in legislation as stated, although a little more complicated in places than they possibly needed to be. The only outstanding legislation we are waiting for relates to joint life annuities and guarantee period payments, which were announced later in the Autumn Statement.   Lump sums The main change regarding lump sum death benefits is the lack of distinction betw...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Demand for IHT mitigation increases as more fall into threshold

Demand for IHT mitigation increases as more fall into threshold

‘Asset prices and nil rate band freezes are creating a perfect storm’

Isabel Baxter
clock 03 April 2024 • 1 min read
Upcoming CGT changes prompting UK investors to create wealth plans

Upcoming CGT changes prompting UK investors to create wealth plans

More than half want to secure their current and future investment gains

Isabel Baxter
clock 02 April 2024 • 2 min read
Majority of advisers think NI cut will not boost pensions savings

Majority of advisers think NI cut will not boost pensions savings

Only one in ten think people will put the extra cash into pensions savings

Isabel Baxter
clock 11 March 2024 • 1 min read