Revenue wants to tax over 75s to death

As part of its latest consultation paper, the Revenue has put forward its proposals for IHT treatment of pensions - particularly death benefits payable after age 75, as mentioned by paymaster general, Dawn Primarolo in a ministerial announcement in March. TLSDB is the residue left in an alternatively secured pension on death after age 75. Jonhn Lawson, senior technical manager at Standard Life, says the Revenue intends to initiate similar rules to the current IHT treatment of pre-75 drawdown cases, namely the principle whereby one is depriving one's estate of income by not buying an annui...