Dear Editor, Recent comments in the press are incorrectly suggesting that scheme pensions are a loophole in the legislation for inheritance tax avoidance. I suspect that this comes from a misunderstanding about how a scheme pension must be calculated and a lack of understanding of the benefits a scheme pension can have for some schemes and their members. A scheme pension must be actuarially calculated on the basis of a reasonable level of investment return, the members' life expectancy and on the basis that at the time of death there would be no fund remaining. They offer a legitimate...
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