Abbey spots IHT loophole in Pensions Bill

This would be possible because ASP rules could enable occupational pension schemes to be used as virtual family trusts, AfI says. The Finance Bill published last month changed the definition of occupational pension schemes to the extent that people with no connections whatsoever to an employer can actually join their scheme, AfI says. This in turn effectively means children may be able to join the same occupational schemes as their parents, despite not working for the same employer, says Mike Brown, AfI head of pensions and retirement. "This could open the way for those who have be...