Why IHT on pensions is a huge capital drawdown opportunity for wealth advisers

Pre-Budget rumours on pension taxation included everything from abolishing or limiting tax-free cash withdrawals from pensions to scrapping higher rate and additional rate tax relief on pension contributions. In the event the pension change announced in the Budget to include pension funds in estates making them potentially subject to inheritance tax (IHT) was equally as dramatic and an opportunity for wealth advisers to focus on a new approach to later life financial and tax planning. Adopting a wider holistic approach to retirement planning will benefit clients and wealth advisers wh...