The key to reducing IHT is effective financial planning, writes Glen Stewart. Here he outlines some practical steps to assist advisers...
Pension planning, pension freedom and access to one's cash seem to be the burning issues for investors at the moment. There is, of course, much about the pension 'revolution' to be applauded, not least the control it will give savers, but the new regime has raised concerns among experts about the potential for unexpected tax bills. One of the potential areas of concern around tax is that by investors drawing cash from their pension funds, they will effectively be placing assets into their estates and, therefore, could be subject to inheritance tax (IHT). The key variable here is wh...
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