Inheritance tax & ill-health pensions
Yesterday, 19th August, the Supreme Court handed down a judgement on case known to pension professionals as “Staveley” (HM Revenue & Customs v Parry & Orrs). It has been established practice, and HMRC’s Inheritance Tax Manual is explicit that details of any pension transfers within two years prior to death should be reported on IHT409 […]
Life Cover & COVID
Insurers paid £90m in death claims when coronavirus was at its peak, according to the latest data from the Association of British Insurers. No amount of money can replace a human life, but the bereaved having money gives them one less thing to worry about. Insurers received 7,000 life insurance claims, and paid £90 million […]