Do you know how much income you will receive when you
retire and what would happen to your fund if you died before
retirement?
Individuals should review their pension plans regularly
to avoid a shortfall on retirement and to ensure they are protected
from IHT in the event of death before retirement.
As retirement draws closer, it is common to think about the
pension contributions you have been making. For many, it is when
they realise the importance of these contributions while, for
others, it is when they realise they have not paid enough.
It is not unusual to find that many people have not taken any
action to protect their pension funds from inheritance tax (IHT) in
the event of death before they take their benefits. In many cases,
it is because people are not fully aware of the options available
to them.
