HMRC to investigate ssas IHT loophole

Replying to a question by an IFA at a Scottish Equitable roadshow on pensions, Stewart Ritchie, director of pensions development, said the provider had received a statement from HMRC to say they were investigating the apparent loophole after another provider identified it last week. Patrick O’Brien, a spokesman for HMRC, has confirmed: "We are aware of the issue that has been raised and are looking very carefully at it. The government has made it very clear that if there is any evidence of tax-avoidance, it will not hesitate to take strong action." The loophole occurs in a small self ...