Avoiding IHT liabilities via drawdown

Inheritance tax can be avoided by dependents of those in drawdown through a little known trust arrangement. The so-called spousal bypass trust is something IFAs can initiate on behalf of their clients, according to Paul Tinslay, an IFA with Wentworth Rose Annuities. A member entering drawdown can fill out an expression of wish form, asking for the death benefits to be paid into a trust, John Page, pensions consultant with Technical Connection, said. The expression of wish is not a guarantee the funds will be paid into the trust upon the member's death. It is at the discretion of the sche...