Andrew Tully: The IHT on pensions illiquid assets challenge

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...