Annuities: Advisers' IHT on pensions questions answered

What is the IHT treatment for annuity payments? If taxable, how will the IHT value be calculated?  Furner: Under HMRC's proposed IHT reforms, the treatment of annuity payments, especially those linked to pensions, will change significantly, and here's how the new rules will affect them:  Inclusion in the estate:  Most unused pension funds and death benefits, including certain annuities, will be included in the deceased's estate for IHT purposes, even if the pension scheme has discretionary powers.  Affected annuities:  Lifetime reversionary annuities paid to someone...