Martin Jones: Don't ignore pension freedom in IHT planning

While the advent of pension freedom two years ago mostly caught the eye as a result of the new ability to take benefits free from caps, there were also important rule changes that make pensions attractive for other reasons. As advisers will know, trust-based pensions fall outside a client's estate, which means they are normally exempt from inheritance tax (IHT). Yet this has not always been a primary motivator in advising clients to put funds into a pension. Two factors might now cause a rethink. The first of these is the news IHT receipts are at their highest level since the tax's in...