On 25 February 2009, HMRC published draft guidance on pensions and inheritance tax (IHT) under the “A-Day” rules. The draft changes to the online IHT Manual, which cover changes to the IHT treatment of alternatively secured pensions and scheme pensions, are not yet complete but will be of interest to both pensions advisers and personal representatives dealing with an individual’s estate on death. A draft version of a new unauthorised payments calculator is also published. Comments on the draft are invited before 30 April 2009.

We will provide further detail when the draft guidance is in final form and when the related changes to the IHT Manual have been made.

View the draft guidance.