WebMrs Staveley had a section 32 pension as a result of an acrimonious divorce in 2000. Under the pre A-Day pension rules, the surplus in this pension might have been returned to Mrs... WebFeb 20, 2024 · What the Staveley case does highlight though is that transferring whilst in ill health, and dying within 2 years of the transfer, is highly likely to result in an inheritance tax charge that would not have been the case had the pension remained in …
Recent Court case has inheritance tax (IHT) implications for pension …
WebJun 1, 2024 · International Welfare Spillovers of National Pension Schemes James Staveley-O’Carroll, Olena M. Staveley-O’Carroll Economics 2024 Abstract We employ a two-country overlapping-generations model to explore the international dimension of household portfolio choices induced by the asymmetric provision of government-run pensions. We… PDF WebJun 9, 2024 · The Staveley case clarified the circumstances in which inheritance tax on transfer will apply. Inheritance tax is likely to apply when the intention of the transfer is to … good earth canvas
How to avoid an obscure inheritance tax trap on your pension
WebThe Supreme Court has handed down a long-awaited decision on a complex case. Mrs Staveley died in December 2006, but it was only in August 2024 that the Supreme Court settled the question of the extent of any inheritance tax (IHT) liability on her pension. WebIn the case, terminally ill woman Ms Staveley had transferred some of her pension that had been set up with her ex-husband into a different pension pot just for her children to ensure that none of the pension could be returned to her ex-husband after their contentious divorce. Ms Staveley died just weeks later. WebAug 20, 2024 · The Supreme Court yesterday ruled on the Staveley case, finding that a defined contribution (DC) pension transfer made within two years of death should not be subject to IHT, and that the appellants in the case should not … health products benefit login