Andrew Tully: The IHT on pensions illiquid assets challenge

'The need for advice is clear'

clock • 4 min read

Inheritance tax (IHT) on pensions changes pose particular concerns when individuals hold illiquid assets within a pension, writes Nucleus' Andrew Tully.

There are a number of significant problems arising as a result of pensions being pulled into Inheritance Tax (IHT) from 6 April 2027. A key issue which will cause concern for many clients, families, and advisers is when illiquid assets are held within the pension. A common example will be where commercial property is held within a SIPP, but there are many other possibilities including unquoted shares and assets which are not easily realisable. Woodford funds are a recent example as are gated property funds, not to mention the government's desire for more people to hold long-term asset fu...

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