The 55% tax charge payable on pensions at death is too high and should be brought into line with the inheritance tax (IHT) regime, according to Standard Life.
The provider said the 55% charge should be overhauled to make it "clearer, simpler and fairer". The call follows sweeping changes to pensions announced in the Budget. The government has already acknowledged...
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards