Her Majesty's Revenue and Customs (HMRC) has published a summary of responses to it's consultation on Inheritance Tax (IHT) and pensions.
The consultation, which was launched last July and ended in October, received 83 responses, with 14 from representative bodies such as the Association of British Insurers (ABI) and the Brethren Christian Fellowship and 11 from life companies including Standard Life and Scottish Widows. The remainder came from practitioners and other members of the industry including IFA firms Hargreaves Lansdown and Alexander Forbes, and consultancies Watson Wyatt and Deloitte and Touche. According to John Lawson, head of pensions policy at Standard Life, the interesting thing about the responses is the...
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