HMRC updates on information sharing for IHT on pensions

Pensions are set to be included in IHT from April 2027, with the note outlining five stages at which personal representatives will need to share information: notification of death and basic information, further information where an IHT account is needed, withholding notices, payment notices, and payment of tax-free lump sum death benefits.   It narrowed the reporting scope for notional pension property calculations, explaining that pension scheme administrators will only have to inform personal representatives about any excluded benefits and provide details of these where an IHT account ...