Expect 'painful teething challenges' on IHT overpayments, advisers warn

Pensions are set to be brought into the scope of IHT from April next year, but for families inheriting pensions from anyone who dies after age 75, they could face the same money being bit with IHT and income tax and having to reclaim overpayments.  Eleven.2 Financial Planning founder Greg Moss said that while in principle new rules are designed to prevent double taxation, the reality "could be messy" and result in families waiting months to claim back overpaid tax. "One of the big concerns with bringing pensions into the IHT net is the risk of double taxation, where both IHT and incom...