Don’t Overlook Your Pension When Planning Your Estate

In the latest edition of the FM Report, ITC’s Glenn Gaughran discusses how hints of the first cuts to inheritance tax in more than a decade could benefit those who have built up valuable pensions over the course of their working lives, but like any element of an inheritance pot, it is important to protect any pension earmarked for loved ones. Failure to include a pension in estate planning, and to take steps to limit any tax bill that might be faced by those inheriting it, could substantially eat into the value of that asset.

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