Pension scams: Britons warned over criminals offering inheritance tax loopholes

Fraudsters exploit confusion or anxiety over new IHT rules by offering a ‘safe haven’ for savings pots The caller pitches a great deal. Shift the moneysaved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system. From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. Continue r...

By Shane Hickey