Staveley case goes to Supreme Court – ill-health pension transfers

We have previously looked at the issues around making a pension transfer or switch when in ill health and the potential for HMRC to allocate a ‘transfer of value’ figure for inheritance tax purposes should the member die within the following 2 years.

The fact that HMRC can apply a value for inheritance tax (IHT) purposes to an asset that isn’t generally subject to IHT has become more and more topical with the advent of pension freedoms and people perhaps moving pension benefits to achieve improved death benefits and added flexibility.

If you’re not a client, to read this content you must sign up for a free guest account

Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.

As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.

To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.