IHTM17000 - Pensions: contents

Introduction
Examining form IHT409
Types of pension scheme
Pension scheme benefits
IHT exclusions
IHT charges
Relevant property charges
Excepted group life policies
Other provisions
Pensions between 6 April 2006 and 5 April 2011
Omission to exercise a right
Alternatively secured pensions
Alternatively secured pensions between 6 April 2006 and 5 April 2007
Treatment of alternatively secured pensions from 6 April 2007
Scheme pensions and lifetime annuities

Introduction

IHTM17001 Introduction

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Examining form IHT409

IHTM17011 Initial examination
IHTM17012 General factors to consider
IHTM17013 Boxes 1 to 7
IHTM17014 Boxes 8 to 16
IHTM17015 Boxes 17 to 24
IHTM17016 Boxes 25 to 42

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Types of pension scheme

IHTM17020 Introduction
IHTM17021 Registered pension schemes
IHTM17022 Occupational pension and related schemes
IHTM17023 Personal pension schemes
IHTM17024 Retirement annuity contracts
IHTM17025 Qualifying non-UK pension schemes (QNUPS)
IHTM17026 Types of pension scheme: Section 615(3) schemes
IHTM17027 Employer-financed retirement benefit schemes (EFRBS)

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Pension scheme benefits

IHTM17030 What a pension scheme provides
IHTM17032 Divorce or dissolved civil partnership

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IHT exclusions

IHTM17035 Contributions to a pension scheme
IHTM17036 Rights to a pension or annuity
IHTM17037 Omission to exercise a right
IHTM17038 Trust based schemes that are not relevant property
IHTM17039 Sponsored superannuation schemes

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IHT charges

IHTM17041 Introduction
IHTM17042 Contributions generally
IHTM17043 Contributions made whilst in ill-health
IHTM17044 Contributions to another person’s pension scheme
IHTM17051 Death benefits introduction
IHTM17052 General power over death benefits
IHTM17053 Death benefits cash options
IHTM17054 Payments continuing after death
IHTM17055 Other payments
IHTM17056 Protected rights up to 6 April 2012
IHTM17057 Protected rights detail
IHTM17058 Crown, local authorities and overseas governments
IHTM17070 Lifetime transfers of death benefits
IHTM17071 Assignment of death benefits
IHTM17072 transfers between pension schemes
IHTM17073 Gifts with reservation and statement of practice 10/86
IHTM17074 Unregistered schemes and gifts with reservation

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Relevant property charges

IHTM17081 Introduction
IHTM17082 Employer-financed retirement benefits schemes
IHTM17083 Status of funds after death but before payment
IHTM17084 Settlement of death benefits
IHTM17085 Identity of the settlor

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Excepted group life policies

IHTM17091 Introduction
IHTM17092 Inheritance tax treatment

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Other provisions

IHTM17100 Introduction
IHTM17101 Tax Bulletin
IHTM17102 Income drawdown
IHTM17103 ABI guidance note
IHTM17104 Lifetime transfers
IHTM17105 Death of person entitled to lump sum
IHTM17106 Phased retirement plans

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Pensions between 6 April 2006 and 5 April 2011

IHTM17300 Introduction

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Omission to exercise a right

IHTM17301 Introduction
IHTM17302 No IHT charge
IHTM17303 The legislation in detail
IHTM17304 Member in ill-health at commencement of income drawdown
IHTM17305 Examples of an actual pensions disposition
IHTM17306 Calculation of the charge
IHTM17307 The Fryer case

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Alternatively secured pensions

IHTM17350 Introduction
IHTM17351 how ASP funds can be used
IHTM17352 IHT treatment for deaths between 6 April 2006 and 5 April 2007
IHTM17353 liability and accountability
IHTM17354 meaning of dependant and relevant dependant

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Alternatively secured pensions between 6 April 2006 and 5 April 2007

IHTM17355 Position on death of scheme member
IHTM17356 Position on the death of a relevant dependant or on ceasing to be a relevant dependant
IHTM17357 Position on the death of a dependant not within IHTA84/S151B
IHTM17358 Charge where surplus paid to employer
IHTM17370 Procedure when an ASP charge arises - death of scheme member: charge under IHTA84/S151A
IHTM17371 Procedure when an ASP charge arises: death of relevant dependant (or ceasing to be a relevant dependant): charge under IHTA84/S151B
IHTM17372 Procedure when an ASP charge arises: death of relevant dependant other than under IHTA84/S151B - charge under IHTA84/S151C
IHTM17373 Closing a case where no charge arises on the scheme member death
IHTM17374 Accounts to be delivered where no charge arises on the scheme member’s death
IHTM17375 Excepted estates

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Treatment of alternatively secured pensions from 6 April 2007

IHTM17400 Background
IHTM17401 Consequences for IHT position
IHTM17402 Unauthorised payments (UP)
IHTM17403 Interaction of the UP charge and the IHT charge
IHTM17404 Changes to procedures for charge under IHTA84/S151A
IHTM17405 Changes to procedures for charge under IHTA84/S151B
IHTM17406 Changes to procedures for charge under IHTA84/S151C
IHTM17407 Example of grossing up unused NRB
IHTM17408 Example where IHT due first
IHTM17409 Example where UP charge paid first
IHTM17410 Example where UP charge paid first on part of ASP funds
IHTM17411 Example where UP charge paid first on part of ASP funds but some NRB unused
IHTM17412 Example where IHT due first - charge on relevant dependant’s death
IHTM17413 Amendments to IHTA84/S151A-C
IHTM17414 No double charge under IHTA/84/S151A and IHTA84/S151C
IHTM17450 Pension scheme rules for members who cannot be traced
IHTM17451 The Inheritance Tax position on pension scheme rules for members who cannot be traced

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Scheme pensions and lifetime annuities

IHTM17500 Background
IHTM17501 Tax charges
IHTM17502 Calculation of the tax charge on scheme pensions
IHTM17503 Liability and accountability
IHTM17504 Examples
IHTM17505 More examples

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