Mike Morrison: Death benefit complexities bring advice opportunity

Death benefit complexities bring advice opportunity

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Mike Morrison is still getting to grips with the complexities of the death benefits overhaul. Some of it, he writes, is not entirely logical…

We are now in the brave new world of pension freedoms and I am sure that opportunities and pitfalls will come to the surface, but meaningful trends may well take a while. In the meantime, there are still enough issues to keep us busy. I am still trying to fully understand some of the implications of the new death benefit rules and how some of them do not appear entirely logical - perhaps I need to think more laterally! The move from a regime where uncrystallised funds were not subject to a tax charge but crystallised funds were potentially subject to a 55% tax charge, to one where fun...

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