Proposals to include pensions in inheritance tax (IHT) rules risk discouraging saving, delaying bereavement payouts, and undermining Consumer Duty, delegates heard.
The government has been urged to reconsider its "complex" IHT proposals for pensions due to operational delays and potentially poor outcomes for clients and their advisers. Speaking at a panel discussion at the TISA pensions and IHT launch event today (14 June), Quilter retirement and tax specialist Kirsty Anderson, AJ Bell director of public policy Tom Selby, and Nucleus technical services director Andrew Tully raised concerns about the government's proposed approach, branding it "unworkable," "rushed," and "at odds with good client outcomes". The government has proposed bringing all...
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