Axa to launch IHT-free Ssas - papers 31st July

According to the paper, more than 30,000 small businesses which have set up small company occupational pension plans known as small self-administered schemes (Ssass) will be allowed to pass assets in the funds to the children of directors under a new form of plan to be launched soon. Axa, the French-owned insurer, is on the verge of launching a new product which will allow pension funds in a Ssas to pass between family members on death without incurring IHT. Such transfers are not allowed with personal pensions, where funds remaining on death which have not been used to buy an annuity...