Ssas loophole way around IHT

standard notes rise in ssas enquiries after loophole avoiding iht in pensions assets discovered

The supposedly obsolete small self-administered scheme (Ssas) can be used to avoid inheritance tax on passing pension assets to dependants. Based on this loophole, Standard Life has seen a tenfold rise in enquiries about Ssas post A-Day, despite predictions the wrapper would die out. As a money-purchase arrangement, Ssas can pay out retirement benefits under a scheme pension structure to members, meaning there is no requirement to buy an annuity. Under such a structure, pension assets left at death will not give rise to IHT charges. A scheme pension is required to be payable until death...