Pensions IHT needed in budget speech - Ritchie

Ritchie, who is pensions development director at Scottish Equitable, says a lack of clarification is ‘stifling’ pension planning in the run up to 6 April 2006. Scottish Equitable While A-Day will make it possible for individuals to transfer assets, including residential property, between generations using alternatively secured pension, Ritchie says its tax treatment is still unclear, particularly whether it creates a loophole to avoid an inheritance tax charge. Ritchie says: “We urgently need a decision on whether transfers between generations will be subject to an inheritance tax or...