ACA proposes IHT framework on residual pensions

Proposals are designed to express the group's frustration at the paper and what it called “the continual introduction of new regulation and guidance that is tarnishing the overriding principle of pension tax simplification”. The fundamental problem the ACA says it has relates to the inclusion of pension savings in relation to IHT as the ACA claims accumulation of capital within pension funds should be encouraged by the government, not discouraged, given most UK citizens are felt to be under rather than over-pensioned. ACA argues in an age of increasing longevity, the concept of a level ...