Nasty shock? Personal representative duties post-6 April 2027 explained

When HM Revenue & Customs (HMRC) announced the decision to move liability for inheritance tax (IHT) due on pensions from 6 April 2027 from the pension scheme administrator (PSA) to the personal representative (PR) you could say this was good news for pension operators. But it certainly isn't good news for PRs who will now be liable for assets they do not control – unless changes are made to the draft legislation. Where someone dies with a valid will, the PR will be the executor named – provided they are alive, willing and able to act. If this is not the case, or the individual has died i...